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A shortage of idiots undermines emission trading schemes

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

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

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

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*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.

“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

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