Articles Tagged &quot;Financial&quot;

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A Decade and Its Three Crises by Sammy Benoit, AmericanThinker.com

Thursday, December 31st 2009, 5:04 AM EST

Co2sceptic (Site Admin)

When we look back at the decade 2000-2009, we may well define it by three crises: the crisis that didn't happen, the crisis that wasn't supposed to happen, and the crisis that we don't realize is happening. We haven't learned the lessons of the first two, and our ignorance of the third may doom us to be slaves to our government, rather than the other way around.

Leading into the changeover from 1999-2000, we faced Y2K, the crisis that didn't happen. Many people thought computers' dates would go from 1999 back to 1900, causing our computer-dominated world to fail: bank accounts disappearing, air-traffic systems (and airplanes) crashing, and everything leading to economic collapse and a return to the Stone Age.

Some scientists told us the world would end, but it didn't. And the solution didn't necessitate everyone throwing out their computers and buying new ones. We should remember this non-crisis when we think about global warming.

Source Link: americanthinker.com

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What's The Real Cost Of Global Warming? by Dennis T. Avery from PipeLineNews.Org

Monday, November 2nd 2009, 6:44 AM EST

Co2sceptic (Site Admin)

Churchville, VA - PipeLineNews.org - The leftish Brookings Institution and the U. S. Chamber of Commerce basically agree that the energy taxes in the House Waxman-Markey bill could total $9 trillion over ten years. As an economist, I look at these forecasts and wonder "How can we possibly know?"

These estimates cover only the costs of the "user permits" that companies will have to buy. They don't even try to measure the massive reduction in our economic output as energy costs double and triple with scarcity.

Let's look at a couple of "case studies":

First, we use a lot of natural gas to make fertilizer, pulling 90 million tons per year of natural nitrogen from the air (which is 78% N). The world has only about one-third of the cow manure needed to nourish today's crops, so nitrogen fertilizer is feeding 2 billion of the world's 6.5 billion people through higher food yields per acre.

Source Link: pipelinenews.org

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UK Per Capita Emissions, Carbon Cut Targets and Wealth by Jonathan Drake

Sunday, October 11th 2009, 1:14 PM EDT

Co2sceptic (Site Admin)

I recently came across an article that linked to data for various analyses of carbon emissions. Of particular interest was the per capita emissions data for each nation in 2006. Why was it of interest? Well simply, it shows a very different picture to that normally presented regarding national emissions levels.

Source Link: trevoole.co.uk

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Copenhagen plan could wreck global economy by Kevin Libin

Saturday, October 10th 2009, 11:47 AM EDT

Co2sceptic (Site Admin)

For a global gathering ostensibly designed to harness international ingenuity to arrest global warming, the United Nations Copenhagen Climate Conference at least has a fitting name. The website advertising UNCC seems to fit the bill, too, with the requisite photos of spewing smokestacks, parched landscapes and natural disasters juxtaposed with wind turbines and adorable penguins.

All the more odd, then, that the draft treaty being proposed for the December meeting devotes roughly as much of its text to new foreign aid programs as it does to a plan to reduce greenhouse gases.

The Kyoto Protocol — which expires in 2012, and which Copenhagen is intended to replace — was in some corners accused of being a covert wealth transfer plot, since it required rich nations, unable to reach difficult targets, to buy carbon indulgences from poorer ones: “a socialist scheme to suck money out of wealth-producing nations,” was Stephen Harper’s assessment, long before he became Prime Minister.

Source Link: network.nationalpost.com

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Europe Asks America For Climate Change Funds by Noel Sheppard

Friday, October 2nd 2009, 3:18 PM EDT

Co2sceptic (Site Admin)

If you're still not convinced global warming hysteria is rooted in a desire to redistribute wealth, an annoucement out of the European Union Friday might finally change your mind.

As reported by the Associated Press moments ago:

The European Union called Friday on the United States to join it in stumping up cash to help poor developing nations cope with climate change.

Hold onto your wallets, for it gets worse:

Swedish Finance Minister Anders Borg, whose country currently holds the rotating EU presidency, said Europe wanted the U.S. to "also put their weight behind the issue" ahead of global talks in Copenhagen in December on a new pact to reduce greenhouse gas emissions.

Source Link: newsbusters.org

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Of biblical proportions by John Mangun, Business Mirror - Philippines

Monday, September 28th 2009, 3:58 PM EDT

Co2sceptic (Site Admin)

OUR thoughts and prayers are with those who suffered the greatest damage and tragedies during this past weekend’s flooding. Flood, like fire, destroys everything in its path without regard to social position or wealth; a great equalizer.

While literally hundreds of thousands remained in shelters throughout the region, the “experts” headed to the press and the media to echo the junk science mantra of global warming and climate change. Not only is the idea of man-made climate change false by any measure of scientific legitimacy, it also insures that in a generation or so, residents of Metro Manila will endure another disaster exactly the same as in these past days.

I wrote on this page a couple of months ago that instead of wasting money on nonsense climate-change initiatives, maybe the money would be better spent on upgrading the flood-control system of Metro Manila. But, of course, a public-works project that might really benefit the populace would gain the headlines as being portrayed as a political leader who will save the environment.

Source Link: businessmirror.com.ph

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Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

Wednesday, September 16th 2009, 12:53 PM EDT

Co2sceptic (Site Admin)

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year.

A second memorandum, which was prepared for Obama's transition team after the November election, says this about climate change policies: "Economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation."

The documents (PDF) were obtained under the Freedom of Information Act by the free-market Competitive Enterprise Institute and released on Tuesday.

Source Link: cbsnews.com

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Carbon-trading market hit as UN suspends clean-energy auditor

Tuesday, September 15th 2009, 12:34 AM EDT

Co2sceptic (Site Admin)

The legitimacy of the $100 billion (£60 billion) carbon-trading market has been called into question after the world’s largest auditor of clean-energy projects was suspended by United Nations inspectors.

SGS UK had its accreditation suspended last week after it was unable to prove its staff had properly vetted projects that were then approved for the carbon-trading scheme, or even that they were qualified to do so.

The episode will be embarrassing for European lawmakers in the run-up to the global climate summit in Copenhagen, where they will attempt to lure big polluters such as America and China into a binding agreement to replace the Kyoto protocol. SGS is the second such company to be suspended – Norway’s DNV was penalised last November for similar infractions.

The EU’s carbon-trading system, which puts a price on pollution through carbon permits that can be bought and sold, is the key element in Europe’s fight against climate change.

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Source Link: business.timesonline.co.uk

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WRONG WARMING RX BY MICHAEL FUMENTO

Friday, September 4th 2009, 9:24 AM EDT

Co2sceptic (Site Admin)

$10 TRILLION TO NOT 'FIX' IT?

THE global-warming bill moving through Congress would cost the nation nearly $10 trillion -- while doing virtually nothing to stop warming.

The Waxman-Markey "cap and trade" bill passed the House in late June; the Senate's due to take it up late this month. Its biggest problem (among many) is that it relies on the myth that we understand exactly what causes warming and what to do about it -- that the only issue is finding the political will.

Yet a major new study published in the American Geophysical Union's official publication, the Journal of Geophysical Research, indicates that most warming isn't man-made.

The party line is that manmade "greenhouse gas" emissions are clearly the greatest contributor to warming, with the major culprit being carbon dioxide from the burning of fossil fuels that heat and cool our homes and power our vehicles.

Source Link: nypost.com