Subject: txt grn engry intl -
I note that this story didn't make many newspapers in America and probably for good reason; our cap and trade [still alive and 'working' in congress] bill is very similar to the French legislation and could be unconstitutional for many of the same reasons.
Anthony Watts at Watts up with that has the story: [funny, I thought the press luved it when we emulate Frogville - details, nonsensical {French}... snip]
Australia shelved their own carbon schemes recently while New Zealand is rethinking theirs. Here in the US, it appears that coal state senators are set to torpedo any cap and trade legislation that is introduced while the whole idea of selling carbon credits to reduce global warming in Europe is being challenged.
Unfortunately, some very powerful interests are heavily invested in carbon trading so it is not likely that we've seen the last of it. But if big countries continue to question its fairness and efficacy, Al Gore and his friends may be in line to lose a bundle.
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