"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...

Sunday, 22 November 2015

Our obsession with global warming will cost us dear


Amber Rudd has set out a plan to switch from coal to gas generation, but first she has to persuade the industry to finance the huge cost.....

As my colleague Emily Gosden pointed out last week, nobody would willingly build new gas fired capacity knowing that it will be needed for only short periods of time as back-up for intermittent renewables. Without subsidy, or exceptionally high prices when generating, it makes no sense.
Besides its humongous costs, the present trajectory also looks set to deliver an energy system whose supply potential is vastly bigger than what’s actually needed. To ensure the required level of overcapacity, consumers would be forced to pay through the nose.
However much Ms Rudd might wish it otherwise, the stupidities of UK energy policy are never going to be far from the headlines."

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