"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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Saturday, 12 December 2015
At the Paris climate summit, panic over global warming finally collided with reality
In the run-up to Paris, every country was asked to provide its plans for the next 15 years. China, already now responsible for half the world’s “carbon emissions”, said it plans to build so many more coal-fired power stations that by 2030 its CO2 output will double. India, now the world’s third-largest emitter, said its emissions will triple. There are currently plans across the world to build 2,500 more coal plants, because coal is easily the cheapest source of energy.
It is this which has been the scarcely noticed elephant in the room in Paris. Whatever clever words are devised to hide the reality of what emerges from this conference, there is no way the world as a whole is going to reduce its greenhouse gas emissions.
Equally contentious behind the scenes, prompting the US Secretary of State John Kerry at one point to threaten to walk out altogether, was the idea that the rich countries of the West are genuinely prepared to shell out $100 billion every year after 2020 to help poorer nations rely only on wind and sun for their energy.
So does this matter? Few pleas were heard more often in Paris than those from “small island nations” such as Kiribati in the Pacific, whose president insisted that, unless the rise in world temperatures was kept below 1.5 degrees, his country would soon be “underwater” from rising seas. In fact, far from being inundated, the latest study shows that its area has in recent decades been expanding."