"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...
Sunday, 6 January 2013
Why IS Britain about to pay £110billion to enter a new Dark Age? A damning indictment of the new 'Green-friendly' Energy Bill
"The stupidest international agreement since the Treaty of Versailles expired at midnight on New Year’s Eve. Fifteen years after its launch, the Kyoto Protocol to the UN Framework Convention on Climate Change died a miserable failure. Few are likely to mourn.
According to Kyoto’s authors, it should by now have triggered a five per cent fall in the world’s carbon dioxide emissions. In fact, they have risen by 58 per cent because the world’s faster-growing economies never ratified Kyoto at all, nor the drastic cuts in the use of fossil fuel it prescribed. China, America, Brazil and India simply ignored it, while Canada, New Zealand and Russia, although initially committed, later cast it aside.
In Britain, however, the Government remains wedded to a post-Kyoto strategy, and along with the rest of the EU has agreed to ‘extend’ the treaty’s provisions. One consequence of this is the new Energy Bill, which by 2020 will triple the subsidies paid by taxpayers and consumers to ‘renewable’ energy suppliers to £7.6 billion a year.
The bungs paid to operate offshore wind turbines – the most expensive form of energy ever devised – will rise 16-fold to an annual £4.2 billion. The hated onshore turbines will also get huge new subsidies, at least doubling their number to about 6,500.
Even this underestimates the Bill’s full burden, which is closer to £110 billion. Among its enormous further costs are those which will be incurred by the inconvenient fact that wind turbines make electricity for only a third of the time."