Home » Posts tagged 'Carbon credit'
Tag Archives: Carbon credit
Another Carbon abatement Ponzi scheme on the verge of collapse
I have been a bit under the weather over the last few days, in fact I have had a sort of flu like symptoms for the last week, you know with a sinus headache and a general feeling of utter lethargy. On top of that joyous present from my son I have been having a rather bad patch with my back. that has seen my doctor prescribe me some even stronger pain medication and to be honest it makes be feel like I’m a bit “off with the fairies” sometimes. In fact my interest in politics has been a bit subdued lately. Oh I have been fighting the good fight a bit in Latte land and now I think its time to offer a new post here to the loyal readers of the Sandpit. So without further adieu I’m going to consider the viability of the UN sponsored “global carbon trading scheme”. The Guardian is of course one of the most partisan and pro AGW papers on the planet so lets have a look at the report in the latest edition:
What I am struck by upon reading this article is an inescapable feeling that the whole UN scheme is, like the Gillard monstrosity just another Ponzi scheme where its all about creating “confidence” but because that confidence is predicated on false expectations and and eternally growing pool of “investors” the whole thing is bound to fail sooner rather than later:
Governments have a last chance to restore confidence in the system when they meet in Qatar this December to discuss climate change. But few participants hold out any hope that they will agree to toughen their 2020 emissions targets, which are scarcely even on the agenda. Instead, governments are focusing on drawing up a new climate change treaty by the end of 2015, which would stipulate emissions cuts for the period after 2020.
As I have been saying for ages if the response to AGW can not be made to happen at a truly global level then any efforts from a minority of the global emitters is at best pointless and futile.At worst it will be an expensive exercise in climate piety that is of no value what so ever. There is only one answer to the AGW question that is to do nothing, wait and see if any of the dire prognostications come to pass and if they do then we deal with each problem as it actually presents itself rather than spending huge amounts of effort and treasure trying to forestall things that may never happen.