Showing posts with label Carbon trading. Show all posts
Showing posts with label Carbon trading. Show all posts

Sunday, 27 November 2011

The scary swindle is over...

...as we wake to the first day of a new electoral cycle here in NZ, we look to PM John Key's centre right government to address the herd of elephants that clutter up our living space. The king of the herd is the ETS. My last posts have mentioned the collapsing international carbon trading market and the recognition that the Durban environmental summit will be a waste of time. It is therefore inconceivable that an incoming government in NZ will continue to commit its citizens to hefty tax and commodity price rises to appease our masters within the UN. In Europe and in the UK in particular, the tide against carbon trading and climate alarmism is overwhelming. This, from the Telegraph's Christopher Booker...


"...The irony is, however, that just as the BBC adopted its new hard line on climate change, in the real world the story was beginning to shift. Ever more searching questions have come to be asked about the supposed “consensus” on man-made warming, and the BBC’s coverage has come to look ever more one-sidedly absurd. Last week, even Richard Black, another BBC proselytiser for man-made warming, was gloomily having to reveal the conclusion of a new IPCC report: that, over the next few decades, “climate change signals are expected to be relatively small compared to natural climate variabilty”. In plain English, that means the great scare story is over. What a shame. But at what a price...more here... Hat tip Anon...

Wednesday, 23 November 2011

Collapse of the carbon market...

...is underway, and with it the hopes of the idealists and swindlers who hoped to change the world. This, from Reuters, spotted by sharp eyed commenter anon. is, as he describes "a game changer..."

LONDON, Nov 18 (Reuters) - European Union carbon prices could shed some 70 percent from current levels, as the bloc struggles with a mounting debt crisis and a glut of supply in the carbon market is unlikely to disappear until 2025, analysts at UBS said.
The investment bank also said the EU emissions trading scheme (ETS), the 27-nation bloc's main policy tool to fight global warming, "isn't working" because carbon prices are "already too low to have any significant environmental impact."
"We expect the recent carbon-price decline to escalate into a 'crash' as carbon market supply should double over the coming months," UBS analysts wrote in a Thursday statement to clients...More here...

...and to finish, more re Green Party "baseless scaremongering" from The UK Guardian's George Monbiot...The Green party adviser's theories on the Fukushima nuclear disaster and a 'leukaemia cluster' in north Wales are baseless scaremongering... When I phoned Busby to ask him some questions about these issues, his responses were less than enlightening. He began as follows: "You can fuck off frankly." More here...