"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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Thursday, 15 December 2011
Electricity bills to rocket by 25% because of 'green' targets, says Government
"The study concluded that electricity prices are likely to rise by 41 per cent by 2020 in real terms – with more than half the increase a result of switching to ‘low carbon’ energy sources. In total, ‘green’ measures will add 23.8 per cent to the price of electricity. The impact on families will vary according to consumption, but the report found that those whose homes are heated by electricity could see their annual bills rise by more than £400. The analysis also suggests that a new ‘carbon price floor’ – introduced on the pretext of cutting carbon emissions – will effectively act as a tax, raising £3billion a year for the Treasury from electricity consumers by 2020. The CCC’s report suggests that people whose homes are heated by electricity will see their average bills rise from about £1,500 to £2,100 in 2020."