Another failure of climate models – carbon soot warming actually far less than models predict | Watts Up With That?
From Boston College another failure of climate models to capture reality has been exposed by field empiricism. The map below from NASA’s Earth Observatory will likely have to be revised now that absorption has been demonstrated to be far less.Twitter / RichardTol: How long before a rapist argues ...
How long before a rapist argues "I'm innocent, climate change made me do it" http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2111377 …Welcome snowfall for European glaciers
Europe's glaciers get a taste of winter with heavy snowfallEU Carbon Permits Are Second-Fastest Rising Commodity - Bloomberg
UN Certified Emission Reduction carbon offsets rebounded after reaching a record [low] yesterday in intraday trading.Poor seek to cut CDM access at UN climate [scam] talks | Top News | Reuters
CERs for December jumped 7.3 percent today to 2.80 euros a ton. They yesterday fell as low as a record 2.50 euros a ton, after the Clean Development Mechanism Executive Board handed out 3.9 million tons of credits to industrial-gas-cutting projects that had previously been under review.
BANGKOK, Sept 3 (Reuters Point Carbon) - More than 130 of the world's poorest nations have sought to pressure richer countries to agree new legally-binding goals to cut greenhouse gas emissions by threatening to deny them access to cheap U.N. carbon credits, potentially making it more expensive for them to meet domestic emission goals.Flashback: China's once red-hot CDM market cools, but domestic trading may soon fire up -- 06/06/2012 -- www.eenews.net
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But the so-called group of 77 countries and China told delegates at U.N. talks in Thailand this week that access to credits under the Clean Development Mechanism (CDM) should be limited to nations that agree to cap emissions under the Kyoto Protocol starting next year.
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Australia, Japan and New Zealand, who have so far refused to take on a second round of targets under the 1997 treaty after existing ones expire this year, would be hardest hit by a ban as they plan to rely on cheap credits to meet voluntary pledges to cut emissions by 2020...an internal document seen by Reuters Point Carbon said there may be benefits to allowing some nations access to credits as it would create additional demand for them and reduce incentives to establish markets outside of the U.N. process.
China, by far, sold the most carbon credits through that mechanism. Carbon traders jokingly referred to the CDM as the "China Development Mechanism." But with the clock ticking toward Dec. 31, 2012, when the first phase of the protocol is due to expire, the once biggest beneficiary of the program is watching business fade.
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