"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, 12 December 2012
The Doha climate change fiasco means scrap all green taxes and subsidies
"A piece of mine in the AFR this morning explored the costs of the carbon tax, according to the latest policy zig zag soon to be linked to the EU carbon price, and the renewable subsidies.
If the carbon price stays low – likely with Europe in permanent recession – the renewable regulations will be even more costly. The piece calls for scrapping the whole array of measures now that even the thickest of commentators must realise in the fog of the Doha failure that the world (other than the EU and Australia) has rejected the economic suicide of forcing renewables and de-industrialisation. That spells the end of the subsidy dependent renewable energy. "