"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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Monday, 5 December 2011
Chinese Deal Breakers
"Mr. Xie has come to Durban in part to lay out the conditions that would have to be met before China would sign on to any new “Son of Kyoto” treaty. Fortunately for the world, their conditions are stringent. ......, there is little chance that the worlds’ industrialized countries will agree to pony up a hundred billion a year and hand it to poor countries. Most countries are having a hard time staying afloat right now. In addition the EU is not all that thrilled about the plan. The last bunch of money that the EU handed over to the poor countries under the CDM (Clean Development Mechanism) was mostly lost in a cesspool of graft and corruption."