FT
Europe furious at US climate call
A spokesman for Angela Merkel, Germany’s chancellor and current G8 president, said Germany’s stance that climate talks should take place within the United Nations was “non-negotiable”.Guardian
Truth about Kyoto: huge profits, little carbon saved
The [Clean Development Mechanism] is one of two global markets which have been set up in the wake of the Kyoto climate summit in 1997. Both finally started work in January 2005. Although both were launched with the claim that they would reduce greenhouse gases in the atmosphere, evidence collected by the Guardian suggests that thus far, both markets have earned fortunes for speculators and for some of the companies which produce most greenhouse gases and yet, through a combination of teething troubles and multiple forms of malpractice and possibly fraud, they have delivered little or no benefit for the environment.The Guardian investigation is rich with comic detail of the brazen scams. God knows how much the envirocrats are skimming off the top. It all comes from you and me, folks, so smile while you're being shafted by these smug, moralising, gormless, elitist, manipulative, anti-scientific, parasitic, 3-pool heating, Stalinist twerps.While the [Clean Development Mechanism] is run under the umbrella of the UN, the second market is overseen by the European commission.
Kudos to The Grauniad for giving scoffers like me the material to berate their soulmates.
Posted by Mark Adams on June 2, 2007 5:56 PM
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Comments (1)
The left is apoplectic over any perceived "manipulation" on issues like the war on terror, but willing gulp down the environmentalist swill of carbon credits.
If you want to be really chagrined, take a look at the Google ads now--every slot filled with someone willing to sell you carbon credits.
The irony is, at least here in the US, that some of the biggest profits from carbon offset trading are in fact the energy companies. Power companies are selling "green energy" at a premium and making money hand over fist.
What's wrong with that? Nothing, if it actually was energy produced from low-impact technologies, but the reality is that companies put up a few token windmills and make up the vast difference between supply and demand with plain old coal-fired electricity.
My brother, who lives in Canada, related to me a scandal in his municipality where a "blue box" program had been implemented with threats of fines and social opprobrium if residents didn't carefully and correctly sort their recyclables and place the in the blue box for pickup. Most people were quite willing to do this, after all, it was "for the environment". Imagine their disgust when the entire program turned out to be a scam--the blue box contents were sent to the land fill undifferentiated from the regular trash.
Posted by Mick Stockinger | June 3, 2007 7:58 AM
Posted on June 3, 2007 07:58