"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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Thursday, 20 December 2012
EDITORIAL: Chilling climate-change news
"Even though the official charts show no significant warming trend in the past 15 years, the planet may be even cooler than the IPCC figures suggest. Mr. Watts, who runs the Watts Up With That website, points out that IPCC is using adjusted data. In a forthcoming scientific paper, he demonstrates that improper placement of weather stations has resulted in the temperature increase being overstated by 92 percent. The last thing government officials want to hear is that the planet isn’t actually warming.
Reality puts IPCC in a bind. Despite the draft chart’s implicit admission that climate models have exaggerated warming, IPCC has not backed down from the tale that carbon dioxide, a natural byproduct of industrial society, is heating the planet. At the same time, the organization realizes it can no longer hide from the widely known temperature data. Billions of dollars are at stake, and politicians expect IPCC to continue drumming up the fears of imminent cataclysm necessary for advancing their classic tax-and-spend liberal agenda. The spending comes in the form of subsidies to trendy “green” companies (usually run by powerful Democratic donors), and cap-and-trade schemes supply the tax revenue."