"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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Friday, 25 January 2013
Bjorn Lomborg: Climate-Change Misdirection
"In his second inaugural address on Monday, President Obama laudably promised to "respond to the threat of climate change." Unfortunately, when the president described the urgent nature of the threat—the "devastating impact of raging fires, and crippling drought, and more powerful storms"—the scary examples suggested that he is contemplating poor policies that don't point to any real, let alone smart, solutions. ...Historical analysis of wildfires around the world shows that since 1950 their numbers have decreased globally by 15%. .......Claiming that droughts are a consequence of global warming is also wrong. The world has not seen a general increase in drought. A study published in Nature in November shows globally that "there has been little change in drought over the past 60 years." .......As for one of the favorites of alarmism, hurricanes in recent years don't indicate that storms are getting worse. Measured by total energy (Accumulated Cyclone Energy), hurricane activity is at a low not encountered since the 1970s. The U.S. is currently experiencing the longest absence of severe landfall hurricanes in over a century—the last Category 3 or stronger storm was Wilma, more than seven years ago." (h/t Matt Ridley)