"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"
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Wednesday, 5 March 2014
The Stealth Carbon Tax
"....We conclude that the historic increase of CO2 in the past 200 years has benefitted humanity and will continue to do so in future.
Outdated Climate Science
The most fundamental problem with the TSDs is the absence of any empirical evidence for significant climate effects of rising CO2 levels. [We note in particular a lack of global warming over the past 17 years!] The only 'evidence' comes from (so far) unvalidated climate models that disagree even with each other, and from unsubstantiated claims of anthropogenic global warming (AGW) in successive UN-IPCC (Inter-governmental Panel on Climate Change) reports. [For details, see reports of the more credible NIPCC (Non-governmental International Panel on Climate Change) at www.NIPCCreport.org . A critique of the latest (2013) IPCC Summary can be accessed at http://heartland.org/sites/default/files/critique_of_ipcc_spm.pdf] ............"...................
The use of fossil fuels, and the resultant rise in atmospheric CO2, yield benefits that far outweigh any conceivable estimate of social cost; hence using an SCC does not make economic sense. The OMB should publicize this view and encourage reasoned debate. Beyond a possible use in allowing rational regulation, establishing an SCC as a Carbon Tax is likely unconstitutional.