Climategate

"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 ten 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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Sunday 29 August 2010

The Clean Development Mechanism delivers the greatest green scam of all

Christopher Booker,Telegraph
" The essence of the scam is that a handful of Chinese and Indian firms are deliberately producing large quantities of an incredibly powerful "greenhouse gas" which we in the West – including UK taxpayers – then pay them billions of dollars to destroy.

The key to this scam, designed to curb global warming, is a scheme known as the Clean Development Mechanism (CDM), set up under the 1997 Kyoto Protocol and administered by the UN. It enables firms and governments in the developed world to buy "credits" which allow them to continue emitting greenhouse gases. These are sold to them, through well-rewarded brokers, from firms in developing countries that can show they have nominally reduced their emissions."

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