jennifermarohasy.com/blog - The Politics and Environment Blog

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Miniposts 0.6.5

Methane Leak
Scientists have discovered the Arctic ocean seabed is leaking huge amounts of methane into the atmosphere.  The research published in the journal Science shows the permafrost under the East Siberian Arctic shelf, which was thought to be a barrier sealing methane, is perforated.  Read more here. (1)

NYT: Pachauri Faces Credibility Siege
The New York Times is reporting that: Dr. Pachauri and the Intergovernmental Panel on Climate Change are now under intense scrutiny, facing accusations of scientific sloppiness and potential financial conflicts of interest from climate skeptics, right-leaning politicians and even some mainstream scientists.  More here. (1)

Phil Jones Guilty, But
The university at the centre of the climate change row over stolen e-mails broke the law by refusing to hand over its raw data for public scrutiny.  B ut…  Read more here. (0)

Banks Leave Carbon Market
Banks and investors are pulling out of the carbon market after the failure to make progress at Copenhagen on reaching new emissions targets after 2012.  Read more here. (0)

UK Met Office Can't Forecast Weather
The UK Met Office is debating what to do with its long-term and seasonal forecasting after criticism for failing to predict extreme weather.   It was predicted that this winter would be warmer than average – yet it has been unusually cold.  Read more here. (2)

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Bull Market in Environmental Guilt

“This is strange territory. The Dow is down. Wall Street needs a bailout. But in the Washington area and across the country, there is still a bull market in environmental guilt.  Sales of carbon offsets — whose buyers pay hard cash to make amends for their sins against the climate — are up. Still. In some cases, the prices have actually been climbing.  In other words, when nearly everything seems to be selling for less, thousands of individuals and businesses are paying more for nothing, or at least nothing tangible.”  Read more here.

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2 Responses to “Bull Market in Environmental Guilt”

  1. Comment from: Geoff Brown


    Carbon Credits range from $1.80 per ton to $300 per ton??
    Well, If i though about it, I think that I’d prefer to pay $1.80 for nothing rather than $300. I wonder what Luke Sky-Walker would pay>

  2. Comment from: Louis Hissink


    They are completely mad.

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