Australia:  Climate Change Department could be cut in budget

Sadly that’s just a headline from Australia.

“The federal Labor government’s quest to find substantial savings in the May budget to reduce the deficit and help offset the cost of major disability insurance and education reforms could result in the Climate Change Department being dissolved, The Australian has reported.”

EU’s Record Carbon Glut Poses Risk for Auctions: Energy Markets - Bloomberg

Europe’s carbon prices may sink to a new low as political wrangling over a plan to cut a record glut of permits in the world’s biggest cap-and-trade market risks deterring investors from national auctions.