"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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Friday, 5 June 2015
The climate warming pause goes AWOL – or maybe not
Oh boy! Get ready to watch yet another big fight about climate change – this time mainly among different groups of climate alarmists. Is there a “pause”? Did global climate really stop warming during the last dozen years, 18 years, or even 40 years – in spite of rising levels of the greenhouse (GH) gas carbon dioxide?
Science mag is publishing a blockbuster paper today, on June 5. The renowned National Climate Data Center (NCDC), a division of NOAA located in Asheville, NC, claims that the widely reported (and accepted) temperature hiatus (i.e., near-zero trend) is an illusion – just an artifact of data analysis – and that the global climate never really stopped warming. If true, what a blessing that would be for the UN-IPCC – and for climate alarmists generally, who have been under siege to explain the cause of the pause.
This paper is turning out to be a “big deal.” The publisher of Science has even issued a special press release, promoting the NCDC claim of continued slow but steady warming.
Of course, NCDC-NOAA and Science may end up with egg on their collective faces. It does look a little suspicious that NCDC arrived at this earth-shaking “discovery” after all these years, after “massaging” its own weather-station data, just before the big policy conference in December in Paris that is supposed to slow the rise of CO2 from the burning of energy fuels, coal, oil, and gas."