"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"
PS: If you have arrived here on a page link, then click on the HOME link...
Sunday, 13 October 2013
It’s showdown time for our insane 'green’ energy policy
Politicians are complaining about rises in fuel bills that are largely the result of their own actions
" What the BBC and everyone else seemed to miss was the small print in which National Grid insisted that the lights wouldn’t be going out, because it now has “the tools” to cover any shortfall. One reason for its confidence was the story reported here before, of how National Grid has been quietly signing up thousands of diesel generators, linked by computers to the grid, which can be automatically switched on at a moment’s notice to cover for any power shortage. And their main purpose, although National Grid tries to deny it, is to make up for the unreliability of that ever-increasing number of heavily subsidised wind farms the Government wants to see built, in its efforts to “de-carbonise” our electricity supply.
Although National Grid may try to keep quiet about it, the companies piling in to sign up for this scheme – attracted by the colossal sums it is offering to build up its “Short Term Operating Reserve” – make no secret on their websites and planning applications of the fact that it is designed to cover for the disastrous intermittencies of wind power. Even National Grid admits that, within six years, it hopes to have expanded its emergency reserve from 3.5GW to 8GW, equivalent to the output of four large conventional power plants. This is why firms such as Green Frog, Fulcrum Power and Power Balancing Services are pouring millions into building “mini-power stations” – container parks full of diesel generators – to qualify for “availability payments” so lavish that, in proportion, that they make the subsidy bonanza enjoyed by wind-farm operators look like chicken feed."