Governor Arnold Schwarzenegger made it law that California will aim to reduce its emissions by 25% by 2020.
The immediate concern is that many companies will simply relocate to avoid the tough demands.
This would of couse make it easier for California, but harder for the rest of the country if it ever follows suit.
However, Schwarzenegger is [...]

Carbon emissions prices recovered a little today, after the 25% fall seen over the last week.  Why prices should have fallen so far, so fast, is still a mystery!
Technorati Tags: Carbon emissions

More evidence of serious global warming, this time from a NASA study:
“The study, led by James Hansen of NASA’s Goddard Institute for Space Studies, N.Y., along with scientists from other organizations concludes that, because of a rapid warming trend over the past 30 years, the Earth is now reaching and passing through the warmest levels [...]

After promising $3bn to combat climate change last week, Sir Richard Branson is urging the global aviation industry to join him in the fight.
He is predicting the potential to cut 25% of the carbon emissions from aviation if he can persuade airlines, airports and governments work together.
Aviation is responsible for just 2% of global CO2 [...]

The FT reports that a group of businessmen from Kansai, Japan, are considering the launch of a formal market for carbon emissions rights.
“If the plan comes to fruition, it could turn Japan into an important centre for international emissions trading within Asia-Pacific, should the market take off in the region in the future.
. . .
A [...]