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"


PS: If you have arrived here on a page link, then click on the HOME link...

Wednesday 18 July 2012

UN-backed carbon offsets hit fresh record low

Reuters
"Benchmark carbon credits backed by the United Nations plunged 11 percent to a fresh record low on Wednesday, taking a cue from a sharp drop in European Union emissions allowances amid uncertainty about an EU supply curb plan, traders said. The front-year certified emissions reductions (CERs) hit a record low of 2.92 euros ($3.57) in early trading, down nearly 11 percent from Tuesday's close. In the EU carbon market, the benchmark emissions allowance was trading down 6.4 percent at 7.19 euros at 0642 GMT. Traders attributed the fall in carbon prices to news late on Tuesday that the European Commission will not provide detail about the number of allowances that could be withheld from the oversupplied market when it unveils a set of proposals on July 25. ($1 = 0.8188 euros)" (H/T Climate Depot)
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