"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...
Thursday, 5 November 2015
Why the Paris climate treaty will be the flop of the year
China, now easily the world’s largest emitter, contributing 24 per cent of the total, plans by 2030 to double its CO2 emissions, not least by building 363 more coal-fired power stations. India, now the third-largest emitter, plans by 2030 to treble its emissions. The fourth-largest emitter, Russia, despite slashing its emissions after 1990 by closing down much of its old Soviet industry, now proposes to increase them from their 2012 level by up to 38 per cent.
Japan, the fifth-largest emitter, does claim that it will cut its emissions by some 15 per cent, but is still planning to build more coal-fired power plants. Although South Korea, the world’s seventh-largest emitter, claims that it will cut emissions by 23 per cent (not least by buying “carbon credits” that will allow it to “offset” its continuing production of CO2 for cash), even its proposed target will still be 100 per cent higher than it was 25 years ago. ........The only real question that will remain after the failure of this bid for a binding treaty in Paris is how much longer it can be before the most expensive and foolish scare story in history finally falls apart."