"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, 22 November 2012
The great British wind scam
"Almost everybody agrees that wind turbines are ugly and inefficient. But you’d think that the government, if it must persist in subsidising renewable energy, would do everything it could to incentivise wind power producers to create as much energy as possible while keeping the aesthetic damage to a minimum. Astonishingly, it is doing the opposite.
Inquiries by The Spectator have revealed a scam known as ‘de-rating’. Green businesses are modifying large turbines to make them less productive, because perverse government subsidies reward machines that produce less energy at nearly double the rate of more efficient ones. It’s extraordinarily profitable for a few beneficiaries, even if it clutters the countryside and does little to save the planet."