"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"
PS: If you have arrived here on a page link, then click on the HOME link...
Friday, 14 December 2012
Man-made global warming: even the IPCC admits the jig is up
"Breaking news from the US – h/t Watts Up With That? – where a leaked draft of the IPCC's latest report AR5 admits what some of us have suspected for a very long time: that the case for man-made global warming is looking weaker by the day and that the sun plays a much more significant role in "climate change" than the scientific "consensus" has previously been prepared to concede.
Here's the killer admission:
Many empirical relationships have been reported between GCR or cosmogenic isotope archives and some aspects of the climate system (e.g., Bond et al., 2001; Dengel et al., 2009; Ram and Stolz, 1999). The forcing from changes in total solar irradiance alone does not seem to account for these observations, implying the existence of an amplifying mechanism such as the hypothesized GCR-cloud link. We focus here on observed relationships between GCR and aerosol and cloud properties. ..."
As the leaker explains, this is a game-changer:
The admission of strong evidence for enhanced solar forcing changes everything. The climate alarmists can’t continue to claim that warming was almost entirely due to human activity over a period when solar warming effects, now acknowledged to be important, were at a maximum. The final draft of AR5 WG1 is not scheduled to be released for another year but the public needs to know now how the main premises and conclusions of the IPCC story line have been undercut by the IPCC itself."