The Hive suggests the government are getting "cold feet" on their proposed emissions trading regime. Good.
Perhaps I can recommend replacing the whole nonsense with a very special kind of carbon tax, one that would recognise, for example, news that Arctic sea ice is not going anywhere and that the Northern Hemisphere is in the grip of its coldest winter for years.
UPDATE: Scientist Lubos Motl points the latest numbers mean we have "a new winner" in the global warming hit parade ... but not the way warmists would like to tell you:
Just a small curiosity. January 2008 was the coldest month since January 2000 following RSS MSU and the coldest month since May 1995 according to GISS. The new numbers from HadCRUT3 [ HTML, data, graph ] identify January 2008 as the coolest month since February 1994.
If the temperatures [continue to] drop ... in a few months, most of the 20th century warming - and virtually all of warming that can be sanely attributed to the industry - may be simply gone.
Nature is capable to do such things in an elegant way - without paying tens of trillions of dollars, without introducing a new totalitarian ideology, without scaring children, without elevating stomachs in the movie theaters, and without awarding a Nobel peace prize to an annoying, fat, and power-thirsty crank.
Nature rules. And cools. It is simply cool. And yes, that's a rule.