Rajendra Pachauri is back to tell us: Trust me - Telegraph

One of the more bizarre episodes of the week was the arrival in London of Dr Rajendra Pachauri, chairman of the UN’s Intergovernmental Panel on Climate Change, as part of what appears to be a concerted bid to rehabilitate the IPCC after the deluge of scandals that assailed it last year. The line he took in several cosy interviews, with the BBC and others, was that the IPCC’s 2007 report made only “a single mistake” – its prediction that the Himlayan glaciers might all have disappeared by 2035. Otherwise, we are asked to believe, the IPCC’s reputation as a fount of utterly reliable, “peer-reviewed” science survives unscathed.

What this campaign is trying to erase, of course, is the memory of just why those scandals so damaged the IPCC’s authority that it can never be recovered.

NJ Figures in Dispute Over Cap-and-Trade Success - ABC News

There also is an excess of available permits, which are selling at just under $2 per ton — the absolute lowest allowed at the quarterly auctions where permits are sold. The number of bidders is steadily decreasing, from 82 at the first auction to just 47 at the most recent one in June. That eliminates any incentive for power companies to lower their own emissions so they can sell unused permits to other companies at a higher price.
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"The whole system is not working as it was intended to work. It's a failure," Christie said in announcing New Jersey's pullout.