"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"
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Monday, 28 January 2013
Gillard’s carbon scheme faces collapse
"The Gillard Government has hit Australia with a carbon tax of $23 a tonne. It predicts that when we switch to international carbon trading in 2015/16, the world price for carbon credits will be $29 a tonne. That now seems highly unlikely, given the collapse of the two main carbon trading markets: ........ This confronts the Gillard Government with a financial and political disaster. It is giving many Australians compensation to match a carbon price of $23 - and rising as the carbon tax increases. That compensation is paid for by the carbon tax. But if the tax does not match the compensation, a great financial crater opens under the Government’s feet - unless it slashes the handouts: ...."