Climategate

"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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Wednesday 21 March 2012

The heavy cost of a non-problem

WUWT
"The bottom line: No policy to abate global warming by taxing, trading, regulating, reducing, or replacing greenhouse-gas emissions will prove cost-effective solely on grounds of the welfare benefit from climate mitigation. CO2 mitigation strategies that are inexpensive enough to be affordable will be ineffective; strategies costly enough to be effective will be unaffordable. Focused adaptation to any adverse consequences of any warming that may occur is many times more cost-effective. Since the premium greatly exceeds the cost of the risk, don’t insure. Every red cent spent now on trying to stop global warming is a red cent wasted. Don’t mitigate: sit back, enjoy the sunshine, and adapt only if and when and to the extent necessary. That, however unfashionable, is the economically prudent and scientifically sensible course."

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