"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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Tuesday, 15 January 2013
New paper confirms findings of Lindzen & Spencer of very low climate sensitivity to CO2
"A paper under review for Earth System Dynamics uses a novel technique based on satellite data and surface air temperatures to find that global warming due to increased CO2 is is much less than claimed by the IPCC. According to the author, the findings confirm those of Spencer & Braswell and Lindzen & Choi that a doubling of CO2 levels would only lead to an increase in top of the atmosphere temperature of 0.67°C, or global surface temperature of about 0.18°C, instead of the alleged 3°C claimed by IPCC computer models."