"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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Wednesday, 12 June 2019
May Ramming Through Trillion Pound Climate Change Plan With No Proper Costings
Not content with just banning porn and plastic straws, Theresa May has decided to add a £1 trillion – that’s £1,000,000,000,000 – economic black hole to her “legacy” with her new policy to force the UK to have ‘net zero’ emissions by 2050. Philip Hammond has already warned that the cost “is likely to be well in excess of a trillion pounds”. Blows the row over tax cuts into insignificance…
The problem is that no-one has any idea how much it is actually going to cost. The Climate Change Committee (CCC), chaired by scandal-ridden Lord Deben, has put out a figure of £50 billion every year. BEIS’ preliminary estimate puts the cost a full 40% higher at £70 billion per year – these are just back of the envelope calculations. The Treasury wants to do a formal review of the costs but this will take months, not days. The fact that an outgoing Prime Minister is trying to bind the country with a commitment this vast without even doing a proper costing first is the height of irresponsibility… "