"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, 16 November 2015
House of the Climate Kleptos
The Paris climate talks next month are partly about creating a $US100b-a-year climate fund to help the Third World adjust to hypothesized global warming. In a bit of political theatre (we taxpayers bought her tickets), Foreign Affairs Minister Julie Bishop last December pledged $200m to this fund, rhapsodizing about “investment, infrastructure, energy, forestry and emissions reductions.” [i] The Climate Fund is now taking heat for corruption and non-transparency. Newsweek, although a fervently warmist journal, ran a piece to that effect a few days ago.
An inkling of how such money actually gets spent comes from our Bangladesh example. Transparency International Bangladesh audited a $A4.5m project financed by a climate-change trust fund administered by the Bangladeshi government. It also tried to audit a sister-fund provided by aid donors, but couldn’t find enough documentation to even start the audit! One of its trenchant recommendations was to “mete out exemplary punishments to corrupt individuals.”
The government-funded plan was to build cyclone-resistant housing at Khulna for an abjectly poor community devastated by Cyclone Aila. The photo shows what was actually built for grandmother Mrs Khadija Begum — a 4metre x 5metre house with no walls."