http://www.freerepublic.com/tag/carbontrading/ en-us Wed, 23 Dec 2009 04:13:21 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2413526/posts The credibility of the European Union’s flagship carbon trading scheme was dealt another blow on Monday after carbon prices fell to six-month lows as UN talks in Copenhagen failed to deliver a strong climate deal. Traders and analysts say low prices could continue well into 2010, slowing investment in low-carbon technologies which have already been dented by tight financing due to a slow economy. “(The low price) reinforces the idea that relying solely on the EU ETS to drive investment is probably not the answer at the moment,” said Andy Kelly, head of business development at Centrica. “This does give... Reuters http://www.freerepublic.com/focus/f-news/2413526/posts#comment Wed, 23 Dec 2009 04:13:21 GMT http://www.freerepublic.com/focus/f-news/2411865/posts No excerpt allowed from Bloomberg.com, story here. Bloomberg http://www.freerepublic.com/focus/f-news/2411865/posts#comment Sun, 20 Dec 2009 22:24:28 GMT http://www.freerepublic.com/focus/f-news/2410748/posts Wall Street sees carbon trading and related derivative products as the next big thing in financial innovation. Critics say it's the next big financial mess. Carbon trading provides a way for companies to stimulate green energy and carbon reduction projects by financing them through the purchase of carbon credits. Such trading has slowed over the past year or so amid uncertainty about regulations and global emissions targets. Eventually, though, many expect carbon trading to balloon into a multitrillion-dollar business. FOE and other environmental groups have been pressing the Senate to pass legislation that puts strict limits on banks' involvement in... The Globe and Mail http://www.freerepublic.com/focus/f-news/2410748/posts#comment Fri, 18 Dec 2009 22:04:35 GMT http://www.freerepublic.com/focus/f-bloggers/2407351/posts Forget the dire economic consequences of a Copenhagen climate change treaty for a second and think about the fraud involved. Carbon Trading Fraud Take the European Union, for instance, which implemented a carbon trading scheme analogous to a cap and trade system. And it has been fraught with fraud. French officials are investigating a $230 million carbon trading fraud scheme and this is only the tip of the iceberg in what is a startling revelation and huge blow to the climate talks in Copenhagen: Europol, the European Union’s law enforcement arm against organized crime, announced on Wednesday that carbon-trading fraud... The Heritage Foundation http://www.freerepublic.com/focus/f-bloggers/2407351/posts#comment Mon, 14 Dec 2009 19:29:24 GMT http://www.freerepublic.com/focus/f-news/2406977/posts Ice cores reveal that CO2 levels rise and fall hundreds of years after temperatures changeIn 1985, ice cores extracted from Greenland revealed temperatures and CO2 levels going back 150,000 years. Temperature and CO2 seemed locked together. It was a turning point—the “greenhouse effect” captured attention. But in 1999 it became clear carbon rose and fell after temperatures did. By 2003 we had better data showing the lag was 800 ± 200 years. CO2 was in the back seat.AGW replies: There is roughly an 800-year lag. But even if CO2 doesn’t start the warming trend, it amplifies it.Skeptics say: If CO2... JoNova http://www.freerepublic.com/focus/f-news/2406977/posts#comment Mon, 14 Dec 2009 05:29:37 GMT http://www.freerepublic.com/focus/f-bloggers/2406112/posts Europe's cap-and-trade program which is designed to reduce CO2 emissions is rife with fraud thanks to organized crime's alleged involvement in the market as reported by the European Police Office (EUROPOL): The European Union (EU) Emission Trading System (ETS) has been the victim of fraudulent traders in the past 18 months. This resulted in losses of approximately 5 billion euros for several national tax revenues. It is estimated that in some countries, up to 90% of the whole market volume was caused by fraudulent activities. In France prosecutors have "opened a criminal investigation of four men allegedly involved in a... Friends of Ours http://www.freerepublic.com/focus/f-bloggers/2406112/posts#comment Sat, 12 Dec 2009 16:23:22 GMT http://www.freerepublic.com/focus/f-news/2403995/posts The leakage of an alternative negotiations draft has put the credibility of the Conference of Parties in question. The leaked draft was prepared by so called ‘Circle of Commitment’ nations which includes at least the United States, the United Kingdom and Denmark. The draft took final shape just before the COP15 meeting and only a handful of countries had knowledge of its existence, presumably none were developing countries. One of the first issues the UNFCCC officials and many negotiators had to give clarifications about on the very first day for the Copenhagen Climate Conference was the ‘Climategate’ issue - leakage... NRGEFFICIENCYBLOGY.com http://www.freerepublic.com/focus/f-news/2403995/posts#comment Wed, 9 Dec 2009 21:01:53 GMT http://www.freerepublic.com/focus/f-news/2400705/posts President Barack Obama on Friday abruptly altered the timing of his appearance at an international climate summit in Copenhagen, hoping to capitalize on steps by India and China and an emerging plan to help developing countries mitigate impacts with $10 billion a year. The move means Obama will be at the summit on Dec. 18, considered a crucial period when more leaders will be in attendance, as opposed to his original plan to be in Denmark next Wednesday on his way to Oslo to receive his Nobel Peace Prize. It also means that Obama will be squeezing in a separate,... MSNBC http://www.freerepublic.com/focus/f-news/2400705/posts#comment Sat, 5 Dec 2009 02:24:49 GMT http://www.freerepublic.com/focus/f-chat/2400749/posts Behind the scenes, large financial houses are moving in stealthily. In 2008, carbon trading worldwide reached $126 billion and is projected to grow to become a $2-$10 trillion dollar market, or “The largest commodity traded world wide”. The largest. That’s bigger than oil, coal, gas, or iron.Banks want us to trade carbonJP Morgan, Morgan Stanley, Citigroup, BNP Paribas, Barclays, Deutsche Bank, Citigroup, Credit Suisse are just a few financial houses calling for emissions trading schemes. (None of them seem to be calling for a tax?) Those who broker the trades are guaranteed to make money.Journalists who repeat IPCC press releases... JoNova Blog http://www.freerepublic.com/focus/f-chat/2400749/posts#comment Sat, 5 Dec 2009 03:49:52 GMT http://www.freerepublic.com/focus/f-chat/2395621/posts The Australian situation tonight: Today the Emissions Trading Scheme (ETS) decision was successfully delayed by questions until Monday. That’s good news, but there’s no Champers popping yet. The longer we wait, the longer the real story of the fraud has to filter through to our representatives, but this is a race to overcome two decades of propaganda in one weekend.This week will be written up in history books. Late yesterday a parliamentary mutiny occurred as opposition cabinet members abandoned their leader. Three on Monday: Mitch Fifield, Brett Mason and Mathias Cormann. Then Thursday: six more, and on Friday Concetta Fierravanti-Wells... JoNova http://www.freerepublic.com/focus/f-chat/2395621/posts#comment Fri, 27 Nov 2009 23:49:07 GMT http://www.freerepublic.com/focus/f-news/2353578/posts Manoel Silva de Cunha, leader of a group of 200,000 Brazilian forest-dwellers, was blunt about why he traveled this week from the Amazon to Gov. Arnold Schwarzenegger's Global Climate Summit. The rubber tappers, nut gatherers and fishermen who live off tropical forests want money from American corporations to help them preserve the trees that cool the planet. "These companies have polluted a lot," he said. "They have to make up for it." Many of the 1,200 delegates who crowded into Century City's Hyatt Regency this week came with similar hopes: to cash in on California's expertise, its technology and the... LA Times http://www.freerepublic.com/focus/f-news/2353578/posts#comment Fri, 2 Oct 2009 17:50:05 GMT http://www.freerepublic.com/focus/f-news/2320633/posts congressional leaders from carbon-intensive states such as Wyoming remain adamantly opposed to the Waxman-Markey bill, insisting the real costs of curbing greenhouse gas emissions would further bankrupt the nation. “There’s nothing good about it,” said U.S. Sen. John Barrasso, R-Wyo. “I’m going to do everything to make sure it doesn’t pass.” U.S. Sen. Mike Enzi, R-Wyo., said the bill is “the biggest hidden tax in America.” “It’s a Ponzi scheme because we’re just going to print certificates for CO2 and not take care of any CO2,” Enzi said. “It’s just another way to make money.” The U.S. House in June... Star-Tribune http://www.freerepublic.com/focus/f-news/2320633/posts#comment Thu, 20 Aug 2009 19:02:27 GMT http://www.freerepublic.com/focus/f-news/2317434/posts Four Democratic senators want to put off the proposed cap & trade legislation. Blanche Lincoln of Arkansas, Ben Nelson of Nebraska and Byron Dorgan and Kent Conrad both of North Dakota are urging the Senate to delay legislation that puts caps on greenhouse gas emissions and instead, pass a narrow bill that sets requirements on the use of renewable energy. Senators Lincoln and Dorgan are up for re-election in 2010 and are from states that would be hurt economically from a cap and trade bill similar to the one passed by the House in June. Senate Majority Leader Harry Reid... dallas examiner http://www.freerepublic.com/focus/f-news/2317434/posts#comment Sun, 16 Aug 2009 19:55:58 GMT http://www.freerepublic.com/focus/f-news/2272346/posts ...Enron Chairman Kenneth Lay, keen to engineer an encore, saw his opportunity when Bill Clinton and Al Gore were inaugurated as president and vice-president in 1993. To capitalize on Al Gore’s interest in global warming, Enron immediately embarked on a massive lobbying effort to develop a trading system for carbon dioxide, working both the Clinton administration and Congress. Political contributions and Enron-funded analyses flowed freely, all geared to demonstrating a looming global catastrophe if carbon dioxide emissions weren’t curbed. An Enron-funded study that dismissed the notion that calamity could come of global warming, meanwhile, was quietly buried... Financial Post http://www.freerepublic.com/focus/f-news/2272346/posts#comment Mon, 15 Jun 2009 20:23:02 GMT http://www.freerepublic.com/focus/f-bloggers/2263957/posts The spin is that it's a program to help save the environment. The reality is that the UN-sponsored issuance and trading of carbon credits will reward the worst polluters, and will actually help many companies literally poison their neighbors and make the areas surrounding their facilities uninhabitable. Check out what's going on in Gujarat, India. Evil Conservative Radio http://www.freerepublic.com/focus/f-bloggers/2263957/posts#comment Wed, 3 Jun 2009 18:32:23 GMT http://www.freerepublic.com/focus/f-bloggers/2192103/posts You "Gotta" love the free market place. One of Europe's solution to the perceived global warming threat is trying to regulate carbon emissions through Carbon Credits The way it works is the government sets a or cap on the total amount of a pollutant that can be emitted. Companies or other groups are issued emission permits and are required to hold an equivalent number of credits. Companies that need to increase their emission allowance must buy credits from those who pollute less. In effect, the buyer is paying a charge for polluting, while the seller is being rewarded for having... Guardian/Yidwithlid http://www.freerepublic.com/focus/f-bloggers/2192103/posts#comment Mon, 23 Feb 2009 18:52:29 GMT http://www.freerepublic.com/focus/f-news/2169923/posts fool’s par·a·dise: “a state of happiness that is temporary and insubstantial because it is based on illusions or unrealistic hopes” - Encarta® World English Dictionary [North American Edition] © & (P)2007 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc. I am struck by the diversity of risk analyses being carried out by investors in today’s climate change market place.  Whether it’s ‘carbon’* market conferences and publications, ‘ethical investments’, insurance company projects or the activities of financial, legal and engineering institutions, it seems at first glance that they have it all covered.  Many financial, political, procedural, legal... Canada Free Press http://www.freerepublic.com/focus/f-news/2169923/posts#comment Fri, 23 Jan 2009 01:47:53 GMT http://www.freerepublic.com/focus/f-news/2146858/posts SACRAMENTO, Calif. -- California's utilities, refineries and large factories must transform their operations to cut greenhouse gas emissions as part of a new climate plan before state regulators. On Thursday, the California Air Resources Board was expected to adopt what would be the nation's most sweeping global warming plan, outlining for the first time how individuals and businesses would meet a landmark 2006 law that made the state a leader on global climate change. It would hold California's worst polluters accountable for the heat-trapping emissions they produce _ transforming how people travel, utilities generate power and businesses use electricity. At... NewsMax http://www.freerepublic.com/focus/f-news/2146858/posts#comment Thu, 11 Dec 2008 15:42:36 GMT http://www.freerepublic.com/focus/f-news/2145971/posts Abstract: President-elect Barack Obama said attacking global climate change is a "matter of urgency" that will create jobs as he got advice from Al Gore, who won a Nobel Peace Prize for his work on the issue. Obama made clear he would adopt an aggressive approach to global warming when he takes over the White House on January 20. He and Vice President-elect Joe Biden met for nearly two hours with Gore at Obama's presidential transition office in Chicago. Obama hopes addressing climate change can create the kind of jobs that will help pull the U.S. economy out of a... Reuters http://www.freerepublic.com/focus/f-news/2145971/posts#comment Wed, 10 Dec 2008 05:16:23 GMT http://www.freerepublic.com/focus/f-news/2145109/posts The double standards of our eco accountants Imagine an unpopular, impotent, and fragile UK Government, trying to make political capital out of a looming crisis. To avoid being embarrassed by criticism of its shallow policies, it appoints an independent panel of experts, to which it defers controversial decisions. Now imagine that the panel proposes measures from which its members and their associates will directly benefit. It couldn't happen here, you may think. Scandal and resignations would surely follow. Who could possibly allow vested interests to profit from the legislation they are instrumental in creating? This week, an independent panel of... The Register http://www.freerepublic.com/focus/f-news/2145109/posts#comment Mon, 8 Dec 2008 21:50:55 GMT http://www.freerepublic.com/focus/f-news/2138534/posts Obama's World View on Energy and Climate - - In a video shown at a costly, two-day "global warming" jamboree at the Beverly Hills Hotel, hosted by Governor Schwarzenegger of California in November 2008, Barack Obama said: "Few challenges facing America and the world are more urgent than combating climate change. The science is beyond dispute and the facts are clear. Sea levels are rising. Coastlines are shrinking. We've seen record drought, spreading famine, and storms that are growing stronger with each passing hurricane season. Climate change and our dependence on foreign oil, if left unaddressed, will continue to weaken... American Thinker http://www.freerepublic.com/focus/f-news/2138534/posts#comment Wed, 26 Nov 2008 07:03:13 GMT http://www.freerepublic.com/focus/f-news/2096244/posts OK, get your green eyeshades. I noted yesterday the “urgent” authorization of a few million to study the impact of the tax code on CO2 emissions. (Well, actually they say “carbon,” not carbon dioxide, which if taken as written means we should get a report on diamonds and pencils. Seriously.) That is, how are the taxpayers subsidizing Al Gore, who writes off his jet-setting, for example, or Laurie David’s preferential tax treatment for a bicoastal lifestyle. The very brief provision above it is also rather unique. My CPA wife is away at a tax refresher course, as luck would have... Planet Gore http://www.freerepublic.com/focus/f-news/2096244/posts#comment Fri, 3 Oct 2008 00:26:01 GMT http://www.freerepublic.com/focus/f-news/2084167/posts Al Gore’s carbon trading business GIM was banked with Lehman Bros. It will be interesting to see how this will play in the future but I suspect that this increases the risk of participating in Carbon trading. Merrill Lynch, was also deeply involved in this business. Last year Lehman Brothers released a long and highly publicized report about climate change in which they preached about decarbonization, trying to make their investors keep getting high profits from the Kyoto carbon trade scheme and the support of huge public subventions. All that, of course, with the applause of the usual choir... icecap.us http://www.freerepublic.com/focus/f-news/2084167/posts#comment Wed, 17 Sep 2008 12:10:31 GMT http://www.freerepublic.com/focus/f-news/2049596/posts SYDNEY (AFP) - A top Australian politician said on Tuesday the country should introduce "meaningless" carbon trading if big polluters in the developing world do not agree to reduce emissions. Opposition leader Brendan Nelson said he was committed to introducing emissions trading by 2012, but if big polluters like China and India do not make commitments to reduce emissions it should be deliberately toothless. "Our policy has not changed, and that policy is we would implement an emissions trading scheme, cap-and-trade, no later than 2012," he told Sky News. "And obviously what you would do, if for example we haven't... AFP on Yahoo http://www.freerepublic.com/focus/f-news/2049596/posts#comment Tue, 22 Jul 2008 21:52:29 GMT http://www.freerepublic.com/focus/f-news/2047864/posts The price of European emission permits is rising so rapidly that German companies are threatening to leave the country.... And the environment may, in the end, be no better off. They sat silently through two lectures, but then they couldn't control their anger any longer. The civil servants from the Environment Ministry, the Environment Agency and the German Emissions Trading Authority made it sound easy for industry to take up carbon trading. It was just too much for the managers to tolerate. "If that's the shape the trading will take, we will simply move our cement operation to Ukraine," a... Spiegel http://www.freerepublic.com/focus/f-news/2047864/posts#comment Sat, 19 Jul 2008 03:16:13 GMT