"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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Saturday, 5 January 2013
Kyoto Protocol arrived with a bang & departs with a whimper
" WSJ.COM 1-5-13: The Kyoto Protocol on climate change used to be a big deal. So big that the future of humanity was said to hinge on its implementation. Did you know it expired on New Year's Day? We're guessing you didn't, but don't worry. It's no big deal. Adopted in 1997 and in force since 2005, the U.N. compact was intended to lock its signatories into curbing or cutting their greenhouse-gas emissions relative to 1990 levels. It didn't work out as planned. ........In December, the U.N. announced a last-minute "extension" of the protocol until 2020, though this is life-support by press release. New Zealand, Russia and Japan have followed Canada's lead and are now officially out of Kyoto's carbon strictures, while the world's largest emitters in China and the U.S. were never in. Now only Australia and the EU remain.
In its day, the Kyoto Protocol did its share of economic damage by distorting energy markets and encouraging job-killing legislation. Some of that damage will remain. Still, count this as another eco-cure that arrived with a bang and departed, as so many of them do, with a whimper.