"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, 19 December 2012
Green energy subsidies are failing to deliver cheap low carbon power
"Between 2010 and 2014, the annual cost to businesses and homes of subsidising solar, wind and hydro-electric power – under the renewables obligation (RO) – is set to double, topping £2.5bn and costing each household the equivalent of £97 a year. Meanwhile, feed-in-tariffs (FITs), the subsidy paid by consumers to encourage small businesses and homes to generate renewable power, will quadruple between 2012 and 2015 – hitting £790m. .....What approach should the UK take? First, we must rely more on nuclear power and shale gas reserves. Unlike current renewable technologies, they can be produced at scale and help keep bills down over the long-term, while reducing UK reliance on carbon. Prospects for nuclear were boosted by Hitachi’s £700m investment in new plants at Anglesey and Oldbury. That is positive, but not enough. It is a measure of the last government’s negligence that, even with extra support from CfDs, nuclear generation is only expected to return to 1990s levels by 2030."