"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"
PS: If you have arrived here on a page link, then click on the HOME link...
Saturday, 12 April 2014
Lovejoy’s 99% ‘confidence’ vs. measurement uncertainty
"Let us be blunt. Not least because of those uncertainties, compounded by data tampering all over the world, it is impossible to determine climate sensitivity either to the claimed precision of 0.01 Cº or to 99% confidence from the temperature data. For this reason alone, the headline conclusion in the fawning press release about the “99% certainty” that climate sensitivity is similar to the IPCC’s estimate is baseless. The order-of-magnitude error about the measurement uncertainties is enough on its own to doom the paper. There is a lot else wrong with it, but that is another story."