We can see the t-shirt slogan already: I paid $58,000 for solar panels and all I got was a $21 carbon credit that bought me this t-shirt. It’s not very catchy, but that’s the story of a Harrisburg couple, Tami and Randy Wilson, who installed solar panels in their home to reduce their electricity bill: The Pennsylvania couple has sold the world’s first carbon credit awarded for a reduction in personal carbon emissions. About 1,800 others have signed up to follow suit – underlining the US public’s readiness to press …
Senator James Inhofe of Oklahoma, who made the trip to Copenhagen to tell delegates the American public is rejecting a national energy tax, opined that the UN climate change conference was a failure in USA Today. The market agrees with him. As expectations for a legally binding treaty to reduce greenhouse gas emissions fell, so did the price of carbon: “European and United Nations carbon prices fell the most since February after the Copenhagen climate accord didn’t set targets that would boost demand for permits. European Union carbon-dioxide allowances for …
