Skeptics are winning: “The carbon market is dead”

Skeptics are winning: “The carbon market is dead”

Post by Ray Kelle » Mon, 13 Feb 2012 09:48:51

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 wont tell you its 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?

Mini update: The carbon market is being referred to as dead. Johannes Teyssen, chief executive of Germanys EON, urged policymakers to make fixes. Lets talk real: the ETS is bust, its dead, Mr Teyssen said in Brussels this week, adding: I dont 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 euros for 2013. Its 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 doesnt 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 Germanys 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 Wont Happen, is making waves in Germany where people dont criticize 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 arent 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 didnt 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 wont 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 its 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

Its 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

We Are Winning the Debate and Greens Dont Like It
Source: UK Express

Lord Lawson, who was Margaret Thatchers 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 Ive 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 didnt believe human beings caused global warming Ive 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