Wednesday, January 27, 2010

Cap and Trade officially dead for US

David Roberts at Grist, sadly calls it like it is. The prospects for US Cap and Trade legislation have diminished to very-close-to absolute zero, 0 kelvin, not celsius.

What this means, given that Obama just went in front of 115 Heads of State to suggest a target of 17% below 2005, is going to be answered very soon. The first soft deadline for countries to put their pledges to the Copenhagen Accord appendixes is fast approaching.

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