Iain Hall's SANDPIT

Bringing light into the darkness…

Home » Posts tagged 'Emissions Trading Scheme'

Tag Archives: Emissions Trading Scheme

A shortage of idiots undermines emission trading schemes

April 6, 2013 12:17 PM

Advocates here insist that the Gillard scheme will be a valuable tool in the fight against the scourge of Anthropogenic Global Warming I have never been convinced that it will do anything that its advocates claim and I have repeatedly suggested that its little more than a scam. This post has but one purpose and that is to point out the folly of “emission trading schemes” and to show just how easily they become little more than a shambolic fraud. One only has top look to the European scheme to see what we can expect from the one created by the Gillard government:

Click for source

Of course my quote above does not tell the whole story but it is a good example of how these schemes rely upon what can only be described as “clever accounting” to create the pretence of efficacy. To be honest I can see how such an indirect method to change industrial behaviour can ever truly work because it is all based upon the “bigger idiot principal”* and just as that sees the collapse of ponzi schemes it is seeing the collapse of the European emissions trading scheme as well:

click for source

Its a far from pretty picture in Europe and the only light in the antipodean climate darkness is that the Coalition have promised to repeal the idiotic regime created to placate the loopy Greens by a desperate Julia Gillard. Now if only the incoming Abbott government would have the courage to also ditch the majority of their own pointless scheme the country would be truly free of the AGW madness .

Prost Genossen

*the bigger idiot principle is essential in all kinds of derivative trading schemes it is the underlying belief that any commodity can be sold at a profit if only enough people can be convinced to buy into the scheme. It is fine until the supply of idiots runs out.

Politicians reject call for early shift to emissions trading (abc.net.au)
EU urged to revive flagging emissions trading scheme (guardian.co.uk)
Opposition rules out emissions scheme (news.com.au)
The EU Emissions Trading Scheme under WTO Rules (worldtradelaw.typepad.com)
What Gillard is up against (theaimn.com)
Without dignity all is lost for Labor (iainhall.wordpress.com)
How does Julia sleep? (spectator.co.uk)
Carbon fat cats are killing the emissions trading mouse | Damian Carrington (guardian.co.uk)

“Okay, this hurts, but it must hurt in order to make things more secure, more robust. Evolution through crisis.”

January 28, 2011 6:53 AM / 7 Comments on “Okay, this hurts, but it must hurt in order to make things more secure, more robust. Evolution through crisis.”

If you area Climate Change sceptic like I am you just have to love the collapse of the European carbon trading scheme because it so clearly demonstrates that it is little more than a glorified ponzi scheme where traders make a quid buying and selling something that does not have any relationship to any real commodity.

The European commission has put an indefinite freeze on carbon markets. Photograph: John Giles/PA

The European commission‘s emergency suspension last week of trading in carbon allowances to put a halt to rampant theft of credits by hackers has been extended indefinitely until countries can prove their systems are protected from further fraud.

While the suspension had been expected to end last night, Brussels now says that the freeze in trades had been imposed to give the commission executive some breathing space to figure out what to do.

“The suspension last week was only a transitional measure to give the commission and member states the time to assess the situation and decide the way forward,” the commission’s climate spokeswoman, Maria Kokkonen, said.

“Okay, this hurts, but it must hurt in order to make things more secure, more robust. Evolution through crisis.”

A total of 30 countries that participate in the Emissions Trading Scheme, Europe’s flagship climate change policy, must now send assessments of the situation performed by independent monitors.

Its amazingly like the AGW argument: “all sound and fury signifying nothing ”

So here is a challenge for or resident Warministas like JM or PKD:

Please explain just how such schemes are supposed to affect the climate again because this one seems to have failed…
Cheers Comrades

Copyright

Portions of any work that are quoted are reproduced on the basis of the "fair dealing for purpose of criticism or review" section 41 of the Copyright Act 1968.
let's look at the Australian Copyright Council's fact sheet on Fair Use:

The Federal Court has stated that “criticism and review” involves making a judgment of the material concerned, or of the underlying ideas. Criticism and review may be strongly expressed, and may be expressed humorously, and need not be balanced. The defence can apply where the criticism or review takes place in a commercial context, such as in published books or newspapers or on commercial television.

However, the court emphasised that the purpose of criticism or review must be genuine. If the person has other motives – especially if these motives involve using the material to make a profit, or using a competitor’s material to
divert customers from the competitor – the fact that they have also engaged in a form of criticism or review is not
enough to prevent the use from infringing copyright

All other content on this site is copyright Iain Hall and may not be reproduced in any form with out explicit permission of the author.

Comment Copyright

Anyone who comments at the Sandpit under a pseudonym does so on the clear understanding that by doing so they are giving any and all rights and ownership of those comments to the site-owner who may reproduce them in any form or at any other site or venue entirely at his own discretion.

Create a free website or blog at WordPress.com.