"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, 27 April 2014

Why does Ed Davey want to keep us in the dark?

Christopher Booker, Telegraph
Let us look, however, at what Mr Davey carefully didn’t say. For a start, of course, because the wind only blows intermittently, his five wind farms – covering, incidentally, 200 square miles of sea – will not provide anything like the 3GW of power he mentions. He is playing the old trick of confusing “capacity” with actual output. Even using implausibly generous figures from another part of his department’s own website, we can see that the average output of all Mr Davey’s £12 billion worth of projects would only be around 2.2GW: much the same as that of the single gas-fired power station recently built by RWE at Pembroke for a capital cost of just £1 billion.
Because the wind is so unreliable, we would still need 3GW of power from the fossil-fuelled power stations the Energy Secretary so hates, just to provide back-up for when it isn’t blowing at the right speed (on Thursday, for instance, all our 4,500 existing turbines combined were only giving us 215 megawatts, less than 0.6 per cent of what we were using). Mr Davey may pretend that all his projects will help meet our 32 per cent EU target. But those 2.2GW would only raise our output from renewables from 11 per cent to 15 per cent of the total, so we will still have to spend a further £40 billion before 2020.  ....."

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