"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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Thursday, 18 April 2013
Time to shoot the husky, Dave
"Anyway, where were we? Oh, yes, that's right: having a good old dance on the grave of EU's carbon emissions policy. Here's what Walter Russell Mead has to say about its significance:
The EU has been the global laboratory testing the green agenda to see how it works. Today’s story means that the guinea pig died; the most important piece of green intervention in world history has become an expensive and embarrassing flop. It’s hard to exaggerate the importance of this for environmentalists everywhere; if the EU can’t make the green agenda work, it’s unlikely that anybody else will give it a try.
I think he's right. The knock-on effects are going to be cataclysmic – in places like Australia, for example, which had been relying on the rigged EU carbon trading market to prop up Julia Gillard's carbon emissions scam. And within the vast, overinflated bubble which is the green industry generally. No one will be safe in this sector: seriously, if you're in renewables – as I know at least one of our regular trolls below does: he's an adviser to the wind industry and graduated, I kid you not, from the environmental sciences department at the UEA – I would now think very hard about getting yourself a proper job."