Thursday, April 29, 2010

Carbon [Swindle] Market Poised for Growth, More Cases of Carbon Credit Fraud
The fast-track growth of the global carbon trading market, which grew at a compound annual growth rate of 89 percent from 2005 to 2009, has also resulted in several carbon trading scams over the past year in the UK, Norway, Belgium, the Netherlands, and now Germany as European countries put more policing efforts in place.
Tom Switzer: Australia's Changing Climate-Change Climate - WSJ.com
Costly cap-and-trade legislation isn't the political winner it once was.
...
It was always going to be an uphill battle for the U.S. Congress to pass comprehensive climate and energy legislation in an election year. But with Senator Lindsey Graham's likely decision to withdraw his support from the landmark bill, the prospects are now virtually zero.

That is not just because Mr. Graham had been the only Republican senator to endorse a broad approach to tackling global warming. It's because the climate, politically speaking, has changed dramatically since June when the House of Representatives narrowly passed a climate cap-and-tax bill. President Obama's decision to make immigration reform a higher priority in the Senate legislative calendar is a recognition of this reality: Cap-and-tax is dead. And not just in Washington either.
Review & Outlook: Climate-Change Cover-Up Down Under - WSJ.com
...no matter how hard governments try, it's hard to cover up the fact that the more the public learns about the science and cost of fighting global warming, the less popular it becomes. Expect more climate climb downs to come.
[Why isn't Obama stepping in to heal the planet?] - Glenn Thrush - POLITICO.com
Neither Obama nor Chief of Staff Rahm Emanuel, Graham's best friend at 1600 Pennsylvania Ave., have contacted the South Carolina Republican since he withdrew support on Saturday, according to people familiar with the situation.

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