"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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Sunday, 24 February 2013
Eco-tastrophe! How MPs in the pay of subsidised eco-firms set insane new carbon targets that send your bills sky-rocketing... and drag us to a new Dark Age
"Mr Yeo has moved an extraordinary amendment to the Energy Bill that would set a crippling and binding target for the amount of carbon dioxide emitted by generating power in 2030. It would transform the electricity industry and bring huge benefits to the business sector, which has so generously rewarded Mr Yeo. For the rest of us, however, the effects will be very different. It will cause already high energy bills to soar further and could lead to more power cuts. The effect on business is likely to be even more dramatic. Yet despite the considerable drawbacks, the amendment is likely to be passed into law. Following intense campaigning by an alliance of dozens of green pressure groups and renewable-energy firms, the move has won the support of Labour, many backbench Liberal Democrats and some Tories, which may be enough to push it through Parliament. ‘Even without the amendment, the long-term consequences of the Bill will be horrible,’ said Professor Gordon Hughes of Edinburgh University, one of Britain’s leading experts on energy economics. He issued a strong warning the ‘surreal’ amendment could spell the end of British industry. ‘It’s a recipe for deindustrialisation,’ he said. Prof Hughes thinks the choice is stark: ‘Either we get rid of this obsession, or we give away our future to the rest of the world. The question is whether we’re serious about our economic future or not.’
Britain produces only two per cent of the world’s CO2, making any efforts to reduce it a drop in the ocean on the global scale. Is that worth sacrificing our economic base for? Prof Hughes thinks not. ‘All we’d be doing is exporting our emissions anyway,’ he said. ‘Along with our industry.’ ......EXPLODING THE MYTHS ABOUT CLIMATE CHANGE....ED:read on...