"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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Saturday, 13 April 2013
At long last the mainstream media are paying attention to global warming sceptics
"The failure of the Earth to warm since the start of the century has been a talking point for global warming sceptics for many years, but it is only in the past few months that the mainstream media have started to pay attention too. In recent weeks the Economist, Channel Four News, and even ultra-green writers like the Telegraph’s Geoffrey Lean have sat up and taken notice. And on top of the pause, a series of recent studies of how fast temperature will rise in response to carbon dioxide emissions has produced estimates that are decidedly un-scary.
Together with the plateau in global temperatures these estimates have a profound impact on energy policy: less warming means less damage and lower costs in the future, and of course it is much harder to justify spending to avoid a low cost than a large one. In particular, it is likely that wind farms, which may well fail a cost/benefit analysis on the old, higher estimates of global warming, will become absurdly expensive when those estimates are reduced.
The global warming movement is not going to take this lying down though and the kickback has already begun. In an opinion piece published at the website of ABC News in Australia, the famous climatologist Michael Mann and his sidekick Dana Nucitelli have written an extraordinary critique of the Economist’s article."