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Skeptics are winning: “The carbon market is dead”
JoNova ^ | February 11th, 2012 | Joanne

Posted on 02/11/2012 3:14:41 PM PST by Ernest_at_the_Beach

Skeptics are winning: “The carbon market is dead”

The collapse of the Man-Made Myth continues apace. You may not read headlines as such (at least not in major dailies) but all the signs are there.

People who we never would have imagined speaking against the Big Scare Campaign are now doing so. Key glaciers are not melting and corals are happy. Governments won’t tell you it’s over, but they are behaving that way (the Australian one excepted, due to an election fluke that gave the Greens the balance of power). The Catholic Herald headlined it: Is the ‘anthropogenic global warming’ consensus on the point of collapse?

Source Barchart.

The last year of carbon trading in EUR's continues to fall. (Click to enlarge).

Mini update: The carbon market is being referred to as “dead”. Johannes Teyssen, chief executive of Germany’s EON, urged policymakers to make fixes. “Let’s talk real: the ETS is bust, it’s dead,” Mr Teyssen said in Brussels this week, adding: “I don’t know a single person in the world that would invest a dime based on ETS signals.” [full story: Financial Times]. Point Carbon analysts have downgraded the forecast price of carbon credits for the second time in two months as the carbon market continues to slide. What was estimated to be 12 Euros, has fallen to 9 euros for 2012, and 8 euro’s for 2013. It’s a long way below $23, set by our Australian “free-market-lovin’-Labor-Party”. (If only they knew what a free market was.)

The best known environmentalist in the German Social Democratic Party announced he had become a skeptic (see FOCUS and read about his new book). It doesn’t get much more damning than this. Fritz Vahrenholt was a chemistry professor and a leftie politician, and, could it be any more poignant… also headed up the renewable energy division of Germany’s second largest utility company. CEO of a wind farm for goodness sake. H/t to Keith and many many others.

His book, The Cold Sun: Why the Climate Disaster Won’t Happen, is making waves in Germany where people don’t critize climate-change science much and where solar and wind power are major industries. I hear from a friend in Europe that this book is very much “hot stuff” in Germany. Thanks Stefan.

Thanks to the GWPF I also know that Australia will probably be the last-man-standing on the deck of the burning ship called “Climate Change”. Everywhere else around the world, the only people who aren’t abandoning ship are those who never climbed aboard. Subsidies to all new wind and solar plants were outright suspended in Spain last week, which was not just bad, but described as “one of the biggest blows ever to the sector. ” The changes are predicted to kill off much of the investment in renewables there. The people selling solar power in Greece were also told the government could not afford to pay their rates, and didn’t really want more of that kind of power right now either, thanks. The U.K. government joined the rush to abandon renewables and promised to cut subsidies for solar energy (see Bloomberg). Meanwhile 101 Tory ministers in the UK government declared they want to toss the wind-farm subsidies out the window. If Julia Gillard wants to lead the way in this market she could start by buying up the solar plants, and drilling their ground for shale gas.

Why now: The perfect storm?

  1. Skeptics have been hammering away at this for years. The mainstream media won’t publish any skeptical science, not even a comparison of land or ocean temperatures against the model predictions (how “technical” is that?). But thanks to the Internet, people found out anyway — it just took a bit longer.
  2. The weather is cold or wet. The witchdoctors claim that this is what they predicted, and it’s due to global warming, but the crowd are not that dumb (and again, the Internet — their bad predictions are there for all to see).
  3. The money ran out. Ten years later, people have noticed.
  4. Shale gas. :-)

Dr Benny Peiser of the Global Warming Policy Foundation says: “Shale gas is the big game changer because it has previously been argued that fossil fuels are near to running out. There could now be enough gas for 200 or 300 years”. –-Adrian Lee, Daily Express, 25 January 2012

It’s a global thing, Barack Obama is also “discovering” shale.

President Barack Obama pushed drilling for gas in shale rock and support for cleaner energy sources to boost the economy in his final State of the Union address before facing U.S. voters in November. He also pledged more oil drilling. Bloomberg, 25 January 2012

The evidence is killing even the pet-scare-lines

Somewhere, some bright spark realized that coral reefs like warm water, and in areas where corals were growing at the edge or outside the tropics, what ho, but the corals liked it when the water got warmer. (And someone needed a study to know that? Or did they just need a research grant?) Where oceans have warmed the most (because they were the coolest to start with) the corals just got happier and happier. Where the temperatures warmed the most — the corals increased their growth rate the fastest…

Over the last seven years or so the Himalayan glaciers stopped losing ice. The Guardian. [NASA] h/t [Watts Up] Only a few years ago they were saying those glaciers would be gone.

The world is rediscovering those derided “extremists”

When all is said and done, they turned out to be more mainstream than anyone knew…

We Are Winning the Debate and Greens Don’t Like It

Source: UK Express

Lord Lawson, who was Margaret Thatcher’s Chancellor from 1983 to 1989 and an MP for 28 years, is not the only one to have suffered for his views on climate change. Anyone who dares to challenge the often zealous green lobby is apparently fair game.

Entertainer and mathematician Johnny Ball has been vilified for opposing the commonly held view about global warming.

He says: “For daring to take this contrarian view I’ve lost bookings, had talks cancelled and been the subject of a sinister internet campaign that only came to an end following the intervention of the police.”

Environmental campaigner David Bellamy also claims he has been victimised for taking an alternative position. He has said: “The sad fact is that since I said I didn’t believe human beings caused global warming I’ve not been allowed to make a TV programme. The idiot fringe has accused me of being like a Holocaust denier.”

Even the Greenie groups at the leading edge know they need to move on, and call it something else…

Rio+20 or the Earth Summit, that it risks ending up as all talk and little action. In an attempt to avoid too much confrontation, the conference will focus not on climate change but on sustainable development. –Deborah Zabarenko and Nina Chestney, Reuters, 24 January 2012

General hat-tip to the excellent GWPF

———

Don’t forget to vote in the 2012 bloggies. It’s your chance to guide the internet traffic to your favourite sites :-)

Click here to find out how it works. Click here to go straight to the voting page.

Don’t forget to look out for Tallbloke, Australian Climate Madness, Watts Up (x 2), Climate Audit as well as JoNova.



TOPICS: Business/Economy; Conspiracy; Science; Weather
KEYWORDS: agenda21; carboncreditmarket; carboncredits; carboncretins; climatechange; climategate; climategate2; globalwarming; globalwarminghoax; newworldorder
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1 posted on 02/11/2012 3:14:50 PM PST by Ernest_at_the_Beach
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To: TigerLikesRooster; landsbaum; Signalman; NormsRevenge; steelyourfaith; Lancey Howard; ...

fyi


2 posted on 02/11/2012 3:16:38 PM PST by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach
You mean all my carbon credits are worth NOTHING?
3 posted on 02/11/2012 3:16:38 PM PST by Telepathic Intruder (The right thing is not always the popular thing)
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To: Ernest_at_the_Beach

Snipe hunt and Ponzi come to mind.


4 posted on 02/11/2012 3:19:31 PM PST by VRWC For Truth (Throw the bums out who vote yes on the bailout)
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To: Ernest_at_the_Beach

Winning my butt. Coal fired plants are still being shut down and wind farms going up in return for tax breaks. My electric bill is 3 times what it was a decade ago and that sure don’t feel like winning to me.


5 posted on 02/11/2012 3:21:09 PM PST by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Ernest_at_the_Beach

Don’t any of you worry your pretty little heads over this. Once liberals have a goal in mind, absolutely nothing will deter their efforts in seeing it through (By any means necessary)!


6 posted on 02/11/2012 3:27:44 PM PST by ArchAngel1983 (Arch Angel- on guard / Wenn Sie etwas sehen, sagen Sie etwas!)
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To: VRWC For Truth

I was thinking more about the Beanie Baby craze. People were sinking their life savings into them in the ‘90s thinking they’d always be “valuable”. Suddenly someone woke up and realized, hey these are just freakin’ beanbags with a tag on the butt.


7 posted on 02/11/2012 3:27:57 PM PST by boop (I hate hippies and dopeheads. Just hate them. ...Ernest Borgnine)
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To: Ernest_at_the_Beach

Oh my, ...what are we going to do for a fiat money scheme?


8 posted on 02/11/2012 3:29:51 PM PST by pallis
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To: Ernest_at_the_Beach

Only temporarily.

Libs have a way of repackaging a ‘cause’ and reselling it later.

It will be back. Give it about 10 years.


9 posted on 02/11/2012 3:31:48 PM PST by TomGuy
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To: Ernest_at_the_Beach

Solar power in England, yea, right. They’ll be lucky to get sunlight on those panels 15% of the time. Payback is in decades. Solar in the Arizona and California desert...that has some chance, but even so, it hasn’t reached the point where it can pay its way.

It’s just sad that so many poor people had to suffer for so long while this insane experiment was carried out. Now half the countries in Europe (led by Spain) are BROKE from this crap.


10 posted on 02/11/2012 3:35:36 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: Ernest_at_the_Beach

Where is that consensus now Albert??

lol


11 posted on 02/11/2012 3:36:36 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: boop

some people are still trying to revive the beanie baby thing, those who have garages full of the crap. :p


12 posted on 02/11/2012 3:38:29 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Ernest_at_the_Beach
Subsidies to all new wind and solar plants were outright suspended in Spain last week, which was not just bad, but described as “one of the biggest blows ever to the sector. ” The changes are predicted to kill off much of the investment in renewables there. The people selling solar power in Greece were also told the government could not afford to pay their rates, and didn’t really want more of that kind of power right now either, thanks.

You can tell the economy in Europe is doing badly when they are reduced to only doing what works.

13 posted on 02/11/2012 3:50:13 PM PST by Vince Ferrer
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To: Vince Ferrer

That there is funny, I don’t care who you are!!!


14 posted on 02/11/2012 3:52:06 PM PST by eyedigress ((Old storm chaser from the west)/?)
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To: Ernest_at_the_Beach

and the RATS, take another one in the.........HA ha!!!

15 posted on 02/11/2012 3:52:29 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: BobL

I worked for a company who’s owner was sold the “green lie’ and his support of that put down a 105 year old company he owned. He bought a sister company in CA, that had a “green” division that lost more money than the TX company he owned made (always profitable, year before it closed $1-million net profit). Net result, after 10 years of the CA losses both companies were liquidated.


16 posted on 02/11/2012 3:57:55 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Ernest_at_the_Beach

Skeptics are winning:

I think maybe real science is winning.


17 posted on 02/11/2012 4:00:30 PM PST by Adder (Da bro has GOT to go!)
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To: Texas Fossil

“I worked for a company who’s owner was sold the “green lie’ and his support of that put down a 105 year old company he owned.”

Yuckers. That’s why these people are so dangerous. People that run companies are very busy people. They get their 10 minutes of news per day (versus 5 to 10 hours for us junkies), and they never have a chance to sift out the left-wing BS. So they buy into it, feel good, and go broke. I’m sure there are hundreds, if not thousands of other companies that fell into the same trap.


18 posted on 02/11/2012 4:03:43 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: Ernest_at_the_Beach
Sadly the master charlatan Al Gore made millions from carbon trading, movie royalties and speaking fees perpetrating this hoax.
19 posted on 02/11/2012 4:04:08 PM PST by The Great RJ ("The problem with socialism is that pretty soon you run out of other people's money" M. Thatcher)
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To: BobL

I worked for 2 similar privately held distribution companies for 35 years. About equal time with both. Left the first after 14+ years, left the 2nd after 14 years, spent 5-1/2 after that back with the 1st company before it went down.

The Texas company was always profitable. But finally the losses of the CA company became so large the TX company had no cash flow to pay bills. Tragedy.

Who says Socialism does not kill?


20 posted on 02/11/2012 4:17:41 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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