"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
Why we have to scrap the Climate Change Act
The evidence also suggests that rainfall in Cumbria last weekend only marginally overtook much older records, if at all. Indeed, the frequency of such floods in the past three decades, according to scientists from Lancaster University, is not unusual and has fallen markedly from the mid-20th century.
My point is that this dreadful flooding could easily have happened even if the climate were not changing, since it is largely caused by landscape changes. And the measures the world has taken against climate change have not and will not significantly change the risk of flooding in Cumbria.
So what, then, have these 21 years of exchanging hot air on the subject actually achieved? Very little in terms of restricting global emissions – just look at India and China – but as far as Britain is concerned, they have had a devastating effect on our energy policy. Back in 2011, the world pledged to produce binding legal targets on emissions for all countries at this Paris meeting. But that ambition has been abandoned in favour of vague “intended” national promises. Each country must now set its own energy policy. So China and India – in fact any country – can continue to burn fossil fuels at will.
Apart from Britain. We are left uniquely isolated and vulnerable as the only country in the world with a legal target for reducing emissions, thanks to our Climate Change Act of 2008. No other country will be breaking its own law if it misses its target. But we have a binding target to reduce emissions by 80 per cent by 2050. We have repeatedly boasted that we are setting the world an example – but the world seems disinclined to take notice."