Is Gore’s darling carbon exchange dead or what?

Al Gore

UPDATE 15 November: see end of post

Is it goodbye to carbon raids trades?

A story sweeping through blogdom announces the end of the Chicago Carbon Exchange and its carbon trading in the wake of a totally collapsed price for carbon. This means a victory for opponents of man-made global warming and the death of a scheme that separates people from their money for the sake of the climate but has no effect on the climate.

However, it appears the exchange is not closing down, carbon trading is not finished and the carbon price is not even in the basement. What on earth is going on? Continue Reading →