"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 five 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"

PS: If you have arrived here on a page link, then click on the HOME link...

Tuesday, 22 November 2011

$287 Billion Carbon Waste in Europe and they wonder why they are broke!

Climate Common Sense(Australia)
"The giant Swiss bank UBS has slammed the EU emissions trading scheme as a huge waste of 287 billion euros and having negligible impact on cutting emissions. The same EU turkeys running this boondoggle are now taking over failed economies of Greece and Italy on the basis of supposed financial expertise.God help Europe! UBS also has bad news for Australia's carbon tax proponents saying that the EU market is on the verge of a crash next year and carbon price set locally at A$23 per tonne could go as low as 3 Euros a tonne in Europe making a farce of our carbon tax."

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