"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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Monday, 2 June 2014
The EPA’s Political Futility
The EPA’s own model, ironically acronymed MAGICC, estimates that its new policies will prevent a grand total of 0.018ºC in warming by 2100. Obviously, that’s not enough to satisfy the steadily shrinking percentage of Americans who think global warming is a serious problem.
MAGICC tells us that the futility of whatever Obama proposes for existing plants will be statistically indistinguishable from making sure that there are no new coal-fired ones. In fact, dropping the carbon dioxide emissions from all sources of electrical generation to zero would reduce warming by a grand total of 0.04ºC by 2100. ......
You’d think the administration would see not just how futile these policies are in addressing climate change but also how costly they are politically. Some compelling analysis of polls shows that the Republicans gained control of the House of Representatives in the 2010 election because, under Democratic leadership, it passed cap-and-trade, which the Senate wisely stopped short of. In Australia, similar policies favoring cap-and-trade cost the Liberal party its leader in 2009 and subsequently sacked two Labour prime ministers, Keven Rudd and Julia Gillard.
Is this really the road the administration wants to go down in 2014? If history is any guide, a pretty steep price will be paid on Election Day — all for policies that will have no measurable effect on climate change."