"Carbon (Dioxide) trading is now the fastest growing commodities market on earth.....And here’s the great thing about it. Unlike traditional commodities markets, which will eventually involve delivery to someone in physical form, the carbon (dioxide) market is based on lack of delivery of an invisible substance to no-one. Since the market revolves around creating carbon (dioxide) credits, or finding carbon (dioxide) reduction projects whose benefits can then be sold to those with a surplus of emissions, it is entirely intangible." (Telegraph)
This blog has been tracking the 'Global Warming Scam' for over ten years now. There are a very large number of articles being published in blogs and more in the MSM who are waking up to the fact the public refuse to be conned any more and are objecting to the 'green madness' of governments and the artificially high price of energy. This blog will now be concentrating on the major stories as we move to the pragmatic view of 'not if, but when' and how the situation is managed back to reality. To quote Professor Lindzen, "a lot of people are going to look pretty silly"
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Saturday, 19 December 2009
Low targets, goals dropped: Copenhagen ends in failure
"The UN climate summit reached a weak outline of a global agreement last night in Copenhagen, falling far short of what Britain and many poor countries were seeking and leaving months of tough negotiations to come...After eight draft texts and all-day talks between 115 world leaders, it was left to Barack Obama and Wen Jiabao, the Chinese premier, to broker a political agreement. The so-called Copenhagen accord “recognises” the scientific case for keeping temperature rises to no more than 2C but did not contain commitments to emissions reductions to achieve that goal....American officials spun the deal as a “meaningful agreement”, but even Obama said: “This progress is not enough.”