Seven years after opening, North America’s only national market trading all six greenhouse gases will close its doors at the end of this year.
The Chicago Climate Exchange (CCX), a voluntary but legally binding system where
Not much in terms of effective policy came out of the 2009 climate conference in Copenhagen, or COP15. In fact, the best that can probably be said is that nations agreed to disagree; poor ones unwilling to take on carbon emission reductions that would stunt their industrial growth, and rich ones unwilling to take the blame for emissions that have, to date, caused most of the problems and benefited rich nations most of all.
To highlight this ambivalence, on January 26 Yvo de Boer, United Nation’s senior climate change official, noted that governments could either comply with proposed emissions limits by the deadline, or later if they preferred – a paradox that has led many to ask what the purpose of the deadline was?