"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...
Saturday, 1 December 2012
We’ll slash your bills – but it will cost you more, says Ed Davey
" In essence, what the Government is proposing is to make the fossil-fuel energy that currently provides 70 per cent of our electricity so expensive that it will make those ludicrously subsidised windmills look competitive. The coal-fired power stations which on Thursday were providing nearly half our electricity (against only 1.5 per cent from wind) are to be put out of business. In addition to the £100 billion the Government wants us to spend on useless windmills, we will have to pay tens of billions more for infinitely more efficient gas-fired power plants, firstly to keep our lights on when the wind is not blowing, but also, when the wind is blowing, to be kept inefficiently idling, running at a hefty loss (and, incidentally, chucking out more CO₂ than when they are running properly).
All this we will have to pay for, coupled with the tens of billions more we are to be charged for “energy saving” measures and “smart meters” to cut down our electricity use. Yet somehow, according to Mr Davey, “the average household bill will be £94 lower in 2020 than it would be without low-carbon energy policies being pursued”.
This is pure insanity. It will only “power low-carbon economic growth” in the sense that it will pour billions of pounds into the pockets of the foreign-based companies that make those useless wind turbines. By doing everything to dis-incentivise the fossil-fuel power production that currently supplies more than two-thirds of our needs, it will scarcely help to keep our lights on. And it will in no way “protect consumers”, rather rigging our energy market in favour of the most inefficient and costly way of producing electricity ever devised. .."