"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"
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Saturday, 12 November 2011
The BBC reveals how Blair’s 'multi-billion-pound gaffe’ may triple our electricity bills
"I would not have wished it on anyone to sit through last Monday’s laborious Panorama, entitled “Who’s Fuelling the Rise in Your Fuel Bills?”, but two things about it were remarkable. One was that it was the first BBC programme, as far as I know, to admit that electricity from wind turbines is “eye-wateringly more expensive” than that from conventional power stations. According to one estimate cited by Panorama, Chris Huhne’s wish for us to spend £200 billion on renewable energy in the next nine years could triple our electricity bills, pushing millions more households into “fuel poverty”.
The programme’s other startling feature was an interview with Sir David King, formerly Tony Blair’s chief scientific adviser. This confirmed that in March 2007, the prime minister had made “a multi-billion-pound gaffe” when he signed us up to the European Council’s historic commitment that, by 2020, the EU would derive 20 per cent of its energy from renewable sources. What Blair did not realise, as he and the EU’s political leaders argued “until two or three in the morning” without their technical advisers, was that “energy” includes many things, such as gas for heating, which cannot be derived from renewables.
A Treasury official explained to Panorama that they had worked out that Britain could not hope to generate more than 15 per cent of its electricity from renewables. But Blair recklessly signed up to a target which meant that 32 per cent of our electricity would have to come from renewables, which would be fantastically expensive were it even feasible. By the time King and Blair’s other advisers learnt what he had let us in for, it was too late.
The programme ended with the ineffable Mr Huhne assuring us that “the overall effect of government policy will be to lower bills”. Even the BBC was clearly not convinced."