"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...

Monday, 19 December 2016

Why Investors Are So Reluctant To Build New CCGT Capacity

Paul Homewood

....And it gets worse! All government projections assume that the carbon price will have to carry on rising sharply after 2030. The BEIS study, for instance, assumes it will rise to £200/tonne by 2050 (all at 2014 prices).
Even if a new build CCGT can manage to turn a profit in the early years, it would quickly become totally unviable once carbon pricing starts mounting up.
Given all of these obstacles, it is little wonder that investors are not prepared to finance new projects."

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