"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, 19 February 2013
New paper finds IPCC models fail to simulate the most important natural weather patterns on the planet
"A new paper published in Global and Planetary Change finds that IPCC climate models are unable to reproduce either the El Nino Southern Oscillation [ENSO] or the Indian summer monsoon, the two most influential natural weather patterns on Earth, both of which have large effects upon global climate. The authors therefore caution that, given these large uncertainties of natural variation, current models cannot be relied upon to project future global warming from greenhouse gases. According to the authors, "More research in improving the current day simulations, improving model capacity to simulate better by improving the greenhouse gases (GHG) and aerosols in the models are some of the important and immediate steps that are necessary"