"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, 13 December 2011
Durban failed: Relax, everyone , Only agreement is to keep going to conferences
"Meanwhile the Green Climate Fund is supposed to find €100bn of cash donations a year to send to developing countries each year by 2020. One wit described this as a plan "to shift wealth from the first world’s poor to the third world’s rich without making any difference in climate control". With developed economies crucified by private and sovereign debt, and the credit system even worse, this was never likely to happen - and Durban didn't see any commitments from anybody to finance the fund."