Climategate

"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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Tuesday 24 August 2010

A scam on hold – and another one behind

Dr Richard North
"The UN's CDM Executive Body is to review a request from a Chinese plant destroying HCF-23 to generate carbon credits. This follows on from its action in blocking four similar requests "in a bid to ensure that the plants do not deliberately boost their greenhouse gas emissions" – exactly the scam we discussed in December 2009 and again last June.

The Chinese plants are requesting millions of Certified Emissions Reduction Units (CERs) for destroying HCF-23, a potent greenhouse gas that is a by-product of manufacturing the refrigerant gas HCF-22. The credits are generated under the Clean Development Mechanism (CDM), which "allows" industrialised countries to offset a part of their emissions by funding reductions in developing countries.

The whole thing, as we explained in our earlier pieces, is a gigantic multi-million dollar scam. Furthermore, it has been going on for years, ignored by the greenies over here and especially the media. And even now, the World Bank is seeking to defend the indefensible."
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