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“As Australian companies prepare to trade emissions, climate criminals are cashing in on similar schemes overseas. Interpol has warned companies to beware of bogus ‘carbon credits’ that fail to lower emissions. One Interpol agent said the carbon market would be irresistible to criminal gangs. ‘In future, if you are running a factory and you desperately need credits to offset your emissions, there will be someone who can make that happen,’ he said. ‘Absolutely, organized crime will be involved.’ ”  

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World carbon emissions must start to decline in only six years if humanity is to stand a chance of preventing “unmanageable climate risks”, according to a memorandum, signed by 20 Nobel laureates in physics, chemistry, economics, peace and literature.  

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What’s the difference between “cap-and-trade” and a “credit default swap?”

Not much!

“All the methods of pricing carbon permit the creation of a carbon market that will allow us to pollute beyond a catastrophic tipping point. In other words, they require us to put a price on the final “killing” tonne of CO2 which, once emitted, tips the balance and triggers runaway global warming.”  

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OPEC said oil was not to blame for climate change and consuming countries should pay to fight the threat.

“Oil is not responsible,” the producer group’s Secretary General, Abdullah al-Badri, told reporters on Thursday on the sidelines of the International Oil Summit in Paris. “It is the industrialised countries which are making all this pollution in the world”.

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Scientists have said that a controversial experiment has “dampened hopes” that dumping hundreds of tonnes of dissolved iron in the Southern Ocean can lessen global warming.The experiment involved “fertilising” a 115-sqare-mile area of ocean with six tonnes of dissolved iron. As expected, this stimulated growth of tiny planktonic algae or phytoplankton. However, the scientists did not count on these phytoplankton being eaten by tiny crustacean zooplankton.

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If the stage is now set for the climate battle to begin, there is no shortage of combatants. A Center for Public Integrity analysis shows that, by the end of last year, more than 770 companies and interest groups had hired an estimated 2,340 lobbyists to influence federal policy on climate change. That’s an increase of more than 300 percent in just five years, and means that Washington can now boast more than four climate lobbyists for every member of Congress.