"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, 15 August 2015

WSJ: Obama’s Climate Plan Will Increase Poverty & Redistribution

Perhaps it is bad manners to suggest that the poor themselves might prefer higher incomes rather than the EPA’s form of carbon justice. U.S. economic growth is already much slower than it should be, and the new EPA climate-change rule will make it worse by subtracting billions of dollars every year from potential GDP by misallocating capital and undermining business confidence. This will result in few opportunities and smaller wage gains, with damage to the poorest Americans in particular.
For these reasons, a recent study commissioned by the National Black Chamber of Commerce estimates that the EPA plan will increase the black poverty rate to 32% in 2025 from 26% today. Hispanic poverty will rise to 29% from 23%. No fewer than 28 states raised such economic hardships in their comments to the EPA, to no avail.
The contradiction of modern climate liberals is that they promise lower energy bills and a wind-and-solar jobs boom, with zero trade-offs. But then they demand more redistribution to mitigate the economic and human damage that are the real outcome of their policies. Instead of offering to weatherize the homes of the least fortunate, how about trying to increase prosperity? " (THE WALL STREET JOURNAL)

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