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"


PS: If you have arrived here on a page link, then click on the HOME link...

Tuesday 1 March 2011

The Economic Impact of Renewable Energy Policy in Scotland and the UK

Download here (Verso Economics,March 2011 )
"The report’s key finding is that for every job created in the UK in renewable energy, 3.7 jobs are lost. In Scotland there is no net benefit from government support for the sector, and probably a small net loss of jobs."
"IV. The main policy tool used to promote renewable energy generation is the Renewables Obligation, which effectively raises the market price paid for electricity from renewable sources. This scheme cost electricity consumers £1.1bn in the UK and around £100m in Scotland in 2009/10. The UK government plans similar schemes to promote renewable heat and renewable fuels.
V. In addition, both the UK and Scottish Governments have introduced a wide range of grants and subsidies for the renewables industry. These are estimated at £188m UK wide and an additional £22m in Scotland in 2009/10. Further, an exemption from the Climate Change Levy for renewable generation costs HMRC £77m UK wide and £25m in Scotland in lost tax revenue. " (H/T Andrew Bolt,Herald Sun, Australia)
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