"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, 10 December 2011
Huhne fights for climate deal that will cost UK taxpayers £6bn
"As well as a deal which Mr Huhne admitted ‘may go pear-shaped’, world leaders are expected to outline the details of a £64bn package to help the developing world cope with climate change. The Green Climate Fund is set to cost Britain £1billion a year, or £6billion by 2020, to fund solar panels, flood defences and technology.It was agreed two years ago, but talks this year have focused on how it will be funded, as countries grapple with low growth and cuts."