"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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Sunday, 16 March 2014
The bonfire of insanity: Woodland is shipped 3,800 miles and burned in Drax power station. It belches out more CO2 than coal at a huge cost YOU pay for... and all for a cleaner, greener Britain!
"In fact, Burdett admits, Drax’s wood-fuelled furnaces actually produce three per cent more carbon dioxide (CO2) than coal – and well over twice as much as gas: 870g per megawatt hour (MW/hr) is belched out by wood, compared to just 400g for gas. Then there’s the extra CO2 produced by manufacturing the pellets and transporting them 3,800 miles. According to Burdett, when all that is taken into account, using biomass for generating power produces 20 per cent more greenhouse gas emissions than coal. And meanwhile, say the environmentalists, the forest’s precious wildlife habitat is being placed in jeopardy. ......
All this has required an investment of £700 million. Thanks to the green subsidies, this will soon be paid off. Even if all Britain’s forests were devoted to Drax, they could not keep its furnaces going. ‘We need areas with lots of wood, a reliable supply chain,’ Mr Burdett said. As well as Enviva, Drax buys wood from other firms such as Georgia Biomass, which supplies mainly pine. It is building new pellet-making plants in Mississippi and Louisiana. Last month, the Department of Energy and Climate Change issued new rules on biomass sourcing, and will insist on strict monitoring to ensure there really is ‘sustainability’. In North Carolina, this will not be easy: as Carter points out, there is very little local regulation. But wouldn’t a much more effective and cheaper way of cutting emissions be to shut down Drax altogether, and replace it with clean new gas plants – which need no subsidy at all? Mr Burdett said: ‘We develop our business plan in light of what the Government wants – not what might be nice.’
Matt Ridley (June 2013)