"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, 17 May 2012
New paper finds world's oceans have warmed only 0.09°C over past 55 years
"A paper published today in Geophysical Research Letters finds the oceans have warmed only 0.09°C over the 55 year period from 1955-2010. According to the authors, this resulted in a sea level rise of 0.54 mm per year [only 2.12 inches per century] and corresponds to 0.39 Watts per square meter of the ocean surface. However, the IPCC claims the increase in CO2 from 1955-2010 'should' have warmed the oceans by 1.12 Watts per square meter [5.35*ln(389.78/312) = 1.12 W/m2]. Thus, even if one assumes all ocean warming is due to increased greenhouse gases, the IPCC has exaggerated climate sensitivity to CO2 by a factor of almost 3 times [1.12/0.39]. [This is why Trenberth can't find his "missing heat"-it never existed in the first place]. In reality, greenhouse gases cannot warm the oceans at all because they radiate infrared which only penetrates the surface of water a few microns to cause evaporative cooling."