China, which is poised to pass the US as the world’s largest carbon dioxide emitter, is poised to set up the country’s first carbon-trading scheme.
The Beijing-based exchange, will work alongside 12 brokerages in western China, and will cost $1.7 million over three years.

Norway, which is the world’s third largest oil exporter, has announced plans to offset the greenhouse gases produced by public employees when they fly abroad by buying emissions credits.
The move was announced by Norway’s prime minister Jens Stoltenberg. “The government has decided that when state employees travel by plane abroad, we will buy quotas for […]

In Brussels today the EU’s environment commissioner will propose including airlines in the Emissions Trading Scheme (ETS), which aims to tackle climate change.
However, the aviation industry could make up to £2.7 billion profits through the ETS Scheme, according to report by one of Britain’s leading think tanks, the Institute for Public Policy Research (IPPR).

Every UK citizen could be issued with a carbon “credit card” under a carbon rationing scheme that could come into operation within five years, according to a government feasibility study. Cards would be used every time someone bought petrol, paid an energy utility bill or booked an airline ticket.

Something of British feel about the blog today. Struggling to suddenly promote his green credentials in the wake of the Stern report, UK Chancellor, Gordon Brown will outline plans for a carbon trading scheme, more expensive petrol and doubling of flight duty in his pre-budget report today.