Papers -Editorial: Cap and Trade Is Dead (Time.com) "The headline has been written countless times, but this time it is true: carbon cap-and-trade of any sort will not come out of this Congress—and perhaps it never will. Instead of comprehensive economy-wide carbon cap that Senator John Kerry had urged—and that the House had already passed a year ago—or even the compromise utility-only cap bill that had been suggested as an alternative, Senate Majority Leader Harry Reid announced today that he would move forward next week on a bill that only deals with the BP oil spill and a few other low-profile energy policies." 07-10 Biochar Economics (BiocharEngineering.com) "Over 40% of the total carbon from the waste biomass is retained in biochar and sequestered in the soil for thousands of years, effectively removing that carbon from the atmosphere. The carbon in one tonne of biochar is equivalent to 3 to 3.5 tonnes of CO2." "At current global carbon prices in the $15/tonne range the additional value of biochar as a carbon sequestration agent should be worth another $50/tonne, but there is not yet a market for this carbon, so the immediate deployment of biochar will be driven by the soil fertility value." 05-09 Offsets for Biochar (Nature.com) "While charcoal for agricultural use is now selling for about US$500 per tonne, that same tonne of charcoal, at current prices, is worth only about US$50 if sold for offsetting emissions. Even if the price of carbon offsets rose to US$100 per tonne of CO2, that tonne of biochar would still be worth only US$350 in offsets, says Fournier. In fact, he says, the economics of biochar will be determined by a combination of its value as a soil additive, as a carbon offset measure and as an energy source." 05-09 World Bank Carbon Finance (WorldBank.org) "The World Bank manages over two billion dollars to purchase credits of greenhouse gas emission reductions from projects that are expected to be registered for the purposes of the Kyoto Protocol's Article 12 (Clean Development Mechanism) or Article 6 (Joint Implementation)." 06-09

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