China Holding Up Agreement on International Climate Goals, Berlusconi Says

China threatens to derail climate treaty talks as U.S. and European leaders lay the groundwork for a new accord to fight global warming, Italy’s Prime Minister Silvio Berlusconi said today.

Inhofe Says Climate Change Legislation Won’t Win Support of U.S. Senate

Republican Senator James Inhofe of Oklahoma said climate legislation won’t be approved by the U.S. Senate even though it’s likely to get the endorsement of the Environment and Public Works Committee.

House Presses Cap and Trade
Energy Secretary Chu pressed Obama’s case on behalf of climate-change legislation as Senators clashed over the “cap-and-trade” proposal.  Read more

The China National Petroleum Corporation Asset Management Company, Ltd. (CNPC-AM), Tianjin Property Rights Exchange (TPRE) and Chicago Climate Exchange (CCX) announced the opening of the headquarter offices of the Tianjin Climate Exchange (TCX), China’s first integrated exchange for trading of environmental financial instruments.

As a joint venture between CNPC-AM, the City of Tianjin and CCX, TCX intends to establish China as a pre-eminent center for environmental finance and the application of market-based mechanisms to environmental management and natural resource protection. Read more