Hunger-strike farmer wins right to High Court hearing; High Court to rule on watchdog NGO's tax status; and World Economic Forum issues energy efficiency report.
The Chicago Climate Exchange inspired the Coalition's soil carbon push, but exchange prices for soil carbon and other offsets have collapsed – and the scheme rules out creating credits in low-rainfall areas.
Wentworth Group scientist Peter Cosier tells CE Daily the Coalition plan duds farmers, compared to the version of the trading scheme now on offer from the Government.
A Department of Climate Change analysis concludes abatement estimates in the Opposition's climate plan are 'not realistic' and the proposal is likely to deliver less than a third of the amount required to meet a 5% target.
Green carbon costings by the Rudd Government suggest it and the Coalition will do battle over whose climate policies really constitute 'a great big new tax', while other CE Daily sources consider a Howard-era measure – panned by Wilkins – could be influential in shaping Opposition policy.
Developed countries should jointly reduce 2020 emissions by "at least" 30% and halt global forest loss no later than 2030, but reaching a position on CCS will be difficult, say internal EU negotiating papers obtained by CE Daily.
The Coalition doesn't favour emissions trading or a carbon tax, but hasn't ruled out an energy efficiency trading scheme, shadow climate change minister Greg Hunt tells CE Daily.