"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, 9 November 2015
The obsession with global warming will put the lights out all over Britain
Commenting on wobbly Wednesday, the distinguished energy expert Professor Dieter Helm said: “We are now sailing very close to the wind.” I am not sure whether he was playing with that metaphor, but he is right. Of electricity generated in Britain in 2014, 19 per cent came from renewables, the majority of that being wind. So if there ain’t no wind, there’s much less power. And without wind, there has to be a non-intermittent “despatchable” source of energy, such as gas or dirty energy from emergency diesel generators, to plug the gap. And if you have to buy emergency energy, you – or rather we, the consumers – have to pay emergency prices.
The problems of emergency are only the most visible tip of it. Because, for green, EU-driven reasons, the Government hastens the closure of coal-fired power stations (still 30 per cent of our electricity generation) and prevents the construction of new ones, it needs other sorts of power stations. But when it held its “capacity auction” last December, no new gas-fired power stations resulted. The potentially interested companies feared the political risk which now infects the subject and the knowledge that, if green policies continue, the demand for non-green power will sink lower.
So now we have coal-fired power stations closing down, no new gas-fired power stations coming on stream and – even after the friendly words exchanged between David Cameron and the President of China in London last month – no actual, definite money to ensure we get the promised nuclear power station at Hinkley Point. The energy “safety cushion” has lost its stuffing. All we know is that the current renewables subsidies of £4 billion will rise to £8.5 billion by 2020: we’ll be getting lots more offshore wind-farms"