Articles Tagged "Carbon Trading"

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Guess who holds patent for carbon-trading plan, WorldDailyNet Exclusive by Jerome R. Corsi
Sunday, June 20th 2010, 6:08 PM EDT
Co2sceptic (Site Admin)
article image
Click source to read FULL report by Jerome R. Corsi
Source Link: wnd.com
Tax dollars perpetuate global-warming fiction, Editorial, Washington Times
Wednesday, May 26th 2010, 2:55 AM EDT
Co2sceptic (Site Admin)
$6 million study is used to lobby for cap-and-tax

With public faith in the global-warming myth on the wane, leftist zealots are desperate to spin a new tale - and they're spending your tax money to do it. Three years ago, Congress appropriated $5,856,600 for the National Academy of Sciences to complete a climate-change study. This bureaucratic attempt to cook the books, which was completed last week, may be too late to save this dying religion.

The academy now offers the taxpayer-funded research for download in three separate sections for $44 each. The first volume presents the case that human activities are warming the planet and that this "poses significant risks." A second report urges that a cap-and-trade taxing system be implemented to reduce so-called greenhouse gas (GHG) emissions. The final section of the study explores strategies on adapting to the "reality" of climate change, meaning purported "extreme weather events like heavy precipitation and heat waves."

None of the big-government recommendations are worth the 1,089 pages of presumably recycled paper on which they are to be printed if planetary warming is actually a phenomenon beyond human control, so the first volume is of primary interest. "Advancing the Science of Climate Change" asserts that the Earth's temperature has risen over the past 100 years and that human activities have resulted in sharp increases in carbon dioxide. The coincidence of these facts on their own, of course, proves nothing. The Earth has been as warm or warmer in past periods, such as the medieval and Roman warm periods, long before the internal combustion engine and coal plants were around to take the heat for a particularly sweltering summer day.
Source Link: washingtontimes.com
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Australia shelves key emissions trading scheme BBC News
Tuesday, April 27th 2010, 3:30 AM EDT
Co2sceptic (Site Admin)
The Australian government has shelved plans for an emissions trading scheme (ETS), the centrepiece of its environmental strategy.

It has made repeated attempts to get the measure through parliament, but has been blocked in the Senate, where the government does not enjoy a majority.

The government will now not start the scheme until 2013 at the very earliest.

PM Kevin Rudd blamed the opposition for withdrawing its support for the measure and slow global progress on emissions.

Previously, Mr Rudd has called climate change the "greatest moral challenge of our generation", and pledged to curb pollution by bringing in a comprehensive emissions trading scheme.

But his attempts to enact the measure into law have repeatedly failed because his party does not command a majority in the upper house, Senate, and the opposition Liberal Party is now led by a climate change sceptic who won the leadership of his party by vowing to block the reform.

Click source to read FULL report
Source Link: news.bbc.co.uk
Carbon offsets: How a Vatican forest failed to reduce global warming
Tuesday, April 20th 2010, 3:41 PM EDT
Co2sceptic (Site Admin)
From a scheme to create an algae bloom in the South Pacific to a Vatican forest in the plains of Hungary – how one carbon offset developer's ideas failed to reduce global warming.

Russ George described himself as a man of vision. He certainly envisioned making money.

The San Francisco promoter saw the profit of promising to remove carbon dioxide from the air, and selling that promise as carbon offsets to polluters, a plan he touted in interviews, press releases, and even to a congressional committee.

He just needed seed money. Nelson Skalbania, a high-profile Canadian real estate trader who had spent a year wearing a court-supervised electronic bracelet for a conviction in Canada of misappropriating $100,000 in investor funds, was just the kind of “green angel” – as Mr. George called him – who would put up the money.

With Mr. Skalbania’s backing, George bought the 152-foot research vessel Weatherbird II, repainted it with his new company name – Planktos – and hired a crew to sail for the Galapagos Islands in summer 2007.

His plan was to enlist one of nature’s carbon sponges, algae. He’d scatter a fertilizer of iron dust on 2.4 million acres of the South Pacific, he announced. In three weeks, it would produce a massive bloom of phytoplankton algae, which would inhale carbon dioxide, then sink with the carbon. George would sell his estimate of the absorbed carbon as “carbon offsets” at $5 a ton and make millions.
Source Link: csmonitor.com
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Poland sells 30 million euros of CO2 quotas to Japan
Friday, April 9th 2010, 2:03 AM EDT
Co2sceptic (Site Admin)
WARSAW: Poland has sold Japanese private sector entity carbon dioxide emission quotas worth 30 million euros (40 million dollars), Poland's environment minister said.

A private sector entity from Japan recently "paid 30 million euros for CO2 quotas," Environment Minister Andrzej Kraszewski, told Thursday's Dziennik daily without specifying the identity of the buyer. The cash will be used to help improve energy insulation on public buildings, he said.

"This year we will sell, according to our preliminary estimates, carbon dioxide quotas worth 150 million euros," the minister added. Carbon dioxide is regarded as the principle greenhouse gas responsible for global warming.

The Kyoto Protocol sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas emissions. These amount to an average of five percent against 1990 levels over the five-year period 2008-2012.

Last year's UN Copenhagen summit on climate change failed to produce a new global treaty on tackling climate change.
Source Link: economictimes.indiatimes.com
HSBC Ejects Carbon Traders From Index by James Kanter, New York Times
Tuesday, March 30th 2010, 11:01 AM EDT
Co2sceptic (Site Admin)
The banking giant HSBC removed two companies involved in carbon trading from its Climate Change Index on Monday because they had lost too much value.

Analysts from HSBC said the cause was mainly that governments had failed to come up with a timetable for a global climate deal at the United Nations summit in Copenhagen in December.

“Carbon trading was the major loser from Copenhagen,” HSBC analysts said in their March 21010 Quarterly Index Review. “Cap and trade needs hard targets and binding rules – and Copenhagen delivered neither,” HSBC said.

The two companies ejected were Climate Exchange and Trading Emissions. Both companies are based in the Isle of Man and listed on the London Stock Exchange.

Climate Exchange owns the European Climate Exchange, the Chicago Climate Exchange and the Chicago Climate Futures Exchange. The chairman of Trading Emissions, Neil Eckert, is also the chief executive of Climate Exchange.

Among companies joining the index were Renesola, a solar manufacturer with a heavy focus on China listed on the London Stock Exchange, and Universal Display, a United States-based lighting manufacturer listed on Nasdaq.

Click source to read FULL article by James Kanter
Source Link: greeninc.blogs.nytimes.com
WWF hopes to find $60 billion growing on trees by Christopher Booker
Saturday, March 20th 2010, 2:44 PM EDT
Co2sceptic (Site Admin)
The carbon credits scheme would make WWF and its partners much richer, but with no lowering of overall CO2 emissions.

Image Attachment

Tumucumaque in northern Brazil has been designated a 'carbon sink'

If the world’s largest, richest environmental campaigning group, the WWF – formerly the World Wildlife Fund – announced that it was playing a leading role in a scheme to preserve an area of the Amazon rainforest twice the size of Switzerland, many people might applaud, thinking this was just the kind of cause the WWF was set up to promote. Amazonia has long been near the top of the list of the world’s environmental cconcerns, not just because it includes easily the largest and most bio-diverse area of rainforest on the planet, but because its billions of trees contain the world’s largest land-based store of CO2 – so any serious threat to the forest can be portrayed as a major contributor to global warming.

If it then emerged, however, that a hidden agenda of the scheme to preserve this chunk of the forest was to allow the WWF and its partners to share the selling of carbon credits worth $60 billion, to enable firms in the industrial world to carry on emitting CO2 just as before, more than a few eyebrows might be raised. The idea is that credits representing the CO2 locked into this particular area of jungle – so remote that it is not under any threat – should be sold on the international market, allowing thousands of companies in the developed world to buy their way out of having to restrict their carbon emissions. The net effect would simply be to make the WWF and its partners much richer while making no contribution to lowering overall CO2 emissions.
Source Link: telegraph.co.uk
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Greenwash: company guilty of misleading claims by Mathew Murphy, The Sydney Morning Herald
Friday, March 12th 2010, 5:43 AM EST
Co2sceptic (Site Admin)
A CARBON credits company, Prime Carbon, has been found guilty by the Federal Court of Australia of making misleading green claims.

Prime Carbon is a private company that produces and trades carbon credits created through soil enhancement and carbon sequestration programs.

Justice Jeffrey Spender found it was in breach of the Trade Practices Act between July 2008 and last December by claiming an association with the National Stock Exchange of Australia that it did not have.

He also found that between July and December 2008 Prime Carbon had made misrepresentations concerning the National Environment Registry. Those claims included that the registry was regulated by the federal government, which it is not, and that the registry had an arrangement with the Chicago Environment Registry, which it does not.

The court orders follow action by the Australian Competition and Consumer Commission and its sole director Kenneth Bellamy in December. Mr Bellamy was found to have been knowingly involved in the misleading conduct.

Click source for more
Source Link: smh.com.au
Twitter Trend: Lack of Direction on Climate Change Hobbles Carbon Trading
Monday, February 15th 2010, 10:32 AM EST
Co2sceptic (Site Admin)
LONDON — Touted by its supporters as the best and cheapest way to fight global warming, carbon trading is losing momentum amid the uncertainty created by the failure of the Copenhagen summit meeting and President Barack Obama’s political troubles in the United States.

Investors are steering clear of energy-saving projects meant to generate carbon credits, and traders in Europe are hunkering down through a period of consolidation that is disappointing to those who had hoped carbon markets would grow quickly into a $2 trillion-a-year business.

While the European Union’s Emission Trading System is ticking along, it is looking increasingly likely to be the only big game in town for years to come. Those who see carbon trading as the best way to cut worldwide emissions quickly are wondering if their vision of a global network of markets, encompassing the United States, Australia, Japan and other countries, will ever be realized.

“That bold vision, clearly, that hit a brick wall at Copenhagen,” said Dieter Helm, a professor of energy policy at the University of Oxford who argues that taxing carbon is a more effective way of ensuring emissions cuts. People will go on trading carbon, he said, “but it’s not where the future lies.”

Click Twitter Trend link http://nyti.ms/b1awHa for more
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