"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, 7 August 2015
Obama’s $2.5 trillion plan to kill jobs, coal, make a 0.1% reduction in CO2, and cool world by zero degrees
Welcome to the fairy-land world where we try to control the weather with our electrical generation sources.
Obama’s new plan to stop storms and hold back the tide could make the US poorer by as much as $2.5 trillion dollars, but will not make any difference to the global climate even if it is carried out (somehow) and even if the highly immature, overly politicized science is “right” (despite the evidence). The plan is for the U.S. to cut overall electrical power plant emissions by 32 percent by 2030, compared to 2005 levels.
This “ambitious” goal is purely symbolic. Here’s why. Electrical power plants make 37% of US emissions, which are about one-fifth of global human emissions, which are 4% of total CO2 emissions globally. So a 32% cut in US electrical emissions will result in a 0.1% cut in total global CO2 emissions (at best)*. If the Obama/EPA plan is “successful” and if the IPCC are right, Paul Knappenberger and Pat Michaels estimate that Obama’s new plan will cool the world by an unmeasurable 0.02°C by 2100."