‘…The end of the meeting saw leaders of the US and the BASIC group of countries (Brazil, South Africa, India and China) hammering out a last-minute deal in a back room as though the nine months of talks leading up to this summit, and the Bali Action Plan to which they had all committed two years previously, did not exist.’

via BBC News – Why did Copenhagen fail to deliver a climate deal?.

‘The UK government has said it is “disappointed” the Copenhagen climate talks did not achieve legal commitments to reduce greenhouse gas emissions.’

via BBC News – Copenhagen climate talks disappointing, says UK.

‘LONDON Reuters – Some carbon emissions trading desks are expanding or diversifying into other commodities as continued low carbon prices and a weak U.N. climate deal have dulled the market.’

via Frustrated carbon traders try other commodities | Reuters.

‘ALBUQUERQUE, N.M. — The chairman of the U.S. Senate Energy and Natural Resources Committee said Tuesday that it’s unclear whether Congress will be able to pass cap and trade legislation aimed at reducing greenhouse gas emissions this year.’

via Cap And Trade Faces Major Hurdles.