"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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Sunday, 18 March 2012
The Government plans to hide the rise in 'fuel poverty’ by changing its name
"The horrendous impact of this tax is one of many aspects of current “climate policies” which seem to have escaped general notice. In 2010 we burned 40 million tons of coal to make electricity. Every ton burnt produces 2.9 tons of CO2 (as each carbon atom combines with two of oxygen). So the tax on the resulting 116 million tons of CO2 will amount next year to around £1.9 billion. The CO2 emitted by producing 175,000 gigawatt hours of electricity from gas will yield a further £1 billion, bringing the total cost to £2.9 billion, or 15 per cent of the wholesale cost of our electricity.
When the Treasury did its sums on how much this would add to our electricity bills, it did so on the basis that we would already be paying £14.20 a ton for “carbon” under the EU’s Emissions Trading Scheme (ETS), so that the additional cost would not be huge. But what they didn’t allow for was that the price of carbon under the ETS has collapsed to just £6.70 a ton. So next year we will be having to pay nearly £10 a ton more than anyone else in Europe.
By 2030, when the UK carbon tax has risen to £70 a ton, this will represent £500 a year for every household in the country. Add in the £100 billion the Government wants to see spent on windmills over the next eight years, and we can see why they would want to change the definition of “fuel poverty”.