"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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Sunday, 3 February 2013
Cancun can-do is a con
"Developed countries are also avoiding new emission abatement measures. While their politicians enjoy the accolades of the green commentariat, cold reality usually dominates policy actions. Thus, Canada’s Kyoto commitment was to reduce emissions by six per cent below their 2000 levels by 2012, but with emissions tracking at 30 per cent above this,Canada simply abandoned the pledge. Last month, Japan became the latest country to drop its greenhouse reduction targets, which involved a 25 per cent reduction in emissions.
Europe, the epicentre of climate orthodoxy, is now re-examining its greenhouse gas abatement policies. These are aggravating the region’s economic demise. They are hurtling it towards Angela Merkel’s nightmare where Europe becomes merely “an interesting place to visit”.
Like Europe’s emission policies, those in Australia are also causing economic damage. We have a carbon tax, which at $23 more than doubles the wholesale electricity price and is fivefold the EU’s carbon tax. Australia shares with the EU crippling requirements for the use of wind generated electricity which costs over twice as much as electricity from coal. The costs these measures bring do not effect on emissions at the global level, but do cause relocation of industry and lower income levels."