"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, 22 November 2014

The Poorest Will Suffer If We Force Renewable Energy On The Developing World

YESTERDAY, the UK announced a contribution of about £720m to the Green Climate Fund, a UN initiative designed to help poor countries cope with climate change. It is right for rich countries to assist the developing world in their efforts to adapt to climate impacts, but they should not burden them with costly decarbonisation schemes.
Past international climate finance programmes, however, suggest that a pragmatic approach is unlikely. Instead of focusing aid on schemes that increase the resilience of poor countries to the recurrent impacts of the climate (adaptation measures), the rich world is guilty of a vast misallocation of resources towards costly renewable energy programmes, with disastrous consequences for the world’s poorest.   .................This emphasis on decarbonisation over adaptation is damaging, diverting vital resources away from measures that can lift people out of poverty and save lives. It also ignores the overriding need to help poor countries become more resilient to climate impacts, whether these are exacerbated by global warming in the future or not."

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