"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...
Wednesday, 19 December 2012
Matt Ridley: Cooling Down the Fears of Climate Change
"Mr. Lewis is an expert reviewer of the recently leaked draft of the IPCC's WG1 Scientific Report. The IPCC forbids him to quote from it, but he is privy to all the observational best estimates and uncertainty ranges the draft report gives. What he has told me is dynamite.
Given what we know now, there is almost no way that the feared large temperature rise is going to happen. Mr. Lewis comments: "Taking the IPCC scenario that assumes a doubling of CO2, plus the equivalent of another 30% rise from other greenhouse gases by 2100, we are likely to experience a further rise of no more than 1°C."
A cumulative change of less than 2°C by the end of this century will do no net harm. It will actually do net good—that much the IPCC scientists have already agreed upon in the last IPCC report. Rainfall will increase slightly, growing seasons will lengthen, Greenland's ice cap will melt only very slowly, and so on.
.......The scientists at the IPCC next year have to choose whether they will admit—contrary to what complex, unverifiable computer models indicate—that the observational evidence now points toward lukewarm temperature change with no net harm. On behalf of all those poor people whose lives are being ruined by high food and energy prices caused by the diversion of corn to biofuel and the subsidizing of renewable energy driven by carboncrats and their crony-capitalist friends, one can only hope the scientists will do so." (h/t Bishop Hill)