"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, 1 August 2013
New paper finds climate sensitivity to CO2 is 73% less than claimed by IPCC
"A new peer-reviewed paper published in Gondwana Research finds from paleoclimate proxies that climate sensitivity is only 0.8°C for a doubling of CO2 concentration from 280 to 560 ppm, 73% less than claimed by the IPCC. The paper adds to many other peer-reviewed papers finding the IPCC estimates of CO2 climate sensitivity are greatly exaggerated."