"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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Friday, 9 March 2012
EADS says EU carbon tax blocking Airbus orders from China
"China has blocked purchases of Airbus planes by Chinese companies in reaction to a disputed European carbon tax, the head of the Airbus parent company EADS said while announcing strong annual earnings. ....The carbon tax imposed on airlines by the European Union came into effect on January 1, but carriers will begin receiving bills only in 2013 after this year's carbon emissions have been assessed.
The EU has says the tax will help it achieve a goal of cutting carbon emissions by 20 percent by 2020 and that it will not back down on the plan. But more than two dozen countries, including China, Russia and the United States, have opposed the EU move, saying it violates international law."