Climate Change and the Wealth of Nations - NYTimes.com

I agree with Professor Kahn’s optimism about the United States and Western Europe — rich countries will muddle through if the planet gets hotter. I am far more fearful about the poorer, more desperate nations. In a sense, the ability of all of humankind to weather climate change depends on whether Asia, Africa and South America get richer before they get hotter. A lot of lives depend on their winning that race.

Japan Forsees Starting Carbon-Emissions Trading in 2013, Panel Reports - Bloomberg

Japan plans to start emissions trading in 2013, as the government revived a climate-protection draft law that was scrapped earlier this year when then Prime Minister Yukio Hatoyama resigned.

A panel under the environment ministry recommended starting trading in two phases, one from April 2013 and the other three years later, according to a proposal circulated today in Tokyo.