Low prices for emission permits do not encourage firms to reduce their carbon emissions:
“Chris Rogers, utility analyst at JPMorgan, says that at current prices it is far cheaper for utilities to burn coal – and buy the emissions permits that allow them to pollute – than it is for them to buy cleaner fuels such [...]

The United Nations Development Program (UNDP) is collaborating with the Chinese Ministry of Science and Technology and the Chinese National Development and Reform Commission to establish a carbon emissions trading exchange in China. This would be the first carbon exchange in a developing country. More info in this FT report.
Technorati Tags: carbon [...]

The Better Regulation Commission, which advises the UK Government on regulation of business, has urged the Government not to act too quickly or unthinkingly in tackling climate change.
“We have devised a series of tests for climate policy that should be used by all who contribute to the debate.
Ensure that climate policy is consistent [...]

The IPCC has released the report from the meeting in Paris this week, according to this BBC report. Key statement:
“The Intergovernmental Panel on Climate Change (IPCC) said temperatures were probably going to increase by 1.8-4C (3.2-7.2F) by the end of the century.
It also projected that sea levels were most likely to rise [...]

The automobile industry and the German Government have apparently been successful in pushing the EC for looser emissions targets for vehicles, according to this Guardian report yesterday.
“The 27-strong commission is expected to vote on proposals to impose a mandatory CO2 emissions limit of 130g a kilometre on all new cars from 2012. Its original [...]