"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, 10 November 2014
Why environmentalists defend the wealthy against the poor
Despite these social and economic advantages, eco-toffs put their self interest to one side and campaign selflessly for the greater Gaian good, worry about the effect that climate change will have on future generations and yearn for a more holistic version economic growth.
But is greenery really quite so selfless? Take climate change. The “synthesis report” of the Intergovernmental Panel on Climate Change, warns of an increased “likelihood” of severe, pervasive and irreversible impacts if emissions continue. But when you cut through the spin, what the IPCC is actually saying is that there is a range of possibilities, from no net harm at all (scenario RCP2.6) through two middling scenarios to one where gathering harm from mid century culminates in potentially dire consequences by 2100 (scenario RCP8.5).
This latter scenario makes wildly unrealistic assumptions about coal use, trade, methane emissions and other things; RCP2.6 is equally unrealistic in the other direction. So let’s focus on the two middle scenarios, known as RCP4.5 and RCP6. In these more realistic projections, if you use the latest and best estimates of the climate’s “sensitivity” to carbon dioxide (somewhat lower than the out-of-date ones still used by the IPCC), the most probable outcome is that world will be respectively just 0.8 and 1.2 degrees Celsius warmer than today by the last two decades of this century. .........
By contrast, the cost of climate policies is already falling most heavily on today’s poor. Subsidies for renewable energy have raised costs of heating and transport disproportionately for the poor. Subsidies for biofuels have raised food prices by diverting food into fuel, tipping millions into malnutrition and killing about 190,000 people a year. The refusal of many rich countries to fund aid for coal-fired electricity in Africa and Asia rather than renewable projects (and in passing I declare a financial interest in coal mining) leaves more than a billion people without access to electricity and contributes to 3.5 million deaths a year from indoor air pollution caused by cooking over open fires of wood and dung.
Greens think these harms are a price worth paying to stop the warming. They want (other) people to bear such sacrifices today so that the people of 2100, who will be up to seven times as rich, do not have to face the prospect of living in a world that is perhaps 0.8 - 1.2 degrees warmer. And this is the moral high ground? "