Who says you can get rid of entitlements? WUWT covered this issue over HFC-23 production previously in The biggest environmental scandal in history.
It seems it is about to get bigger. China just decided to blackmail the brilliant minds soon to be attending the Durban Climate Conference, aka COP-17.
The burning question is; what would Angelina Jolie do?
China Threatens Massive Venting of Super Greenhouse Gases in Attempt to Extort Billions as UNFCCC Meeting Approaches – MarketWatch
WASHINGTON, Nov. 8, 2011 /PRNewswire via COMTEX/ —
In the run-up to the international climate negotiations in Durban later this month, China has responded to efforts to ban the trading of widely discredited HFC-23 offsets by threatening to release huge amounts of the potent industrial chemical into the atmosphere unless other nations pay what amounts to a climate ransom.
…In a shocking attempt to blackmail the international community, Xie Fei, revenue management director at the China Clean Development Mechanism Fund, threatened: “If there’s no trading of [HFC-23] credits, they’ll stop incinerating the gases” and vent them directly into the atmosphere. Speaking at the Carbon Forum Asia in Singapore last week, Xie Fei claimed he spoke for “almost all the big Chinese producers of HFCs who “can’t bear the cost” and maintain that “they’ll lose competitiveness”.
…”Attempting to force countries into squandering billions on fake offsets that actually increase production of greenhouse gases is extortion,” said Samuel LaBudde, Senior Atmospheric Campaigner with the Environmental Investigation Agency (EIA). “China is not the victim here, and a world order responsive to climate change cannot be predicated on unrepentant greed.”
Full story here. h/t to Tom Nelson
Discover more from Watts Up With That?
Subscribe to get the latest posts sent to your email.
Have they been talking to the Maldives??
HA! I love it!
Not that their releases would have any effect on climate, except micro climates near the release points for a few hours and dead birds.
I think China is “mooning” the warmistas. Go ahead and dump it China, it isn’t like you haven’t been dumping all of it you can in secret already.
Is it wrong that this made me smile? Am I a bad person or just so tired of politics that I’m punch drunk?
HA HA HA HA HA HA HA!!!!
Did they not think ahead to what would happen when these ridiculous schemes were created? Doh! Silly Me, Of course they didn’t. They are not in the reality business, are they?
“a world order responsive to climate change cannot be predicated on unrepentant greed”
That pretty much sums up carbon trading.
China is not our friend and never will be. Those who rise to the top there are brutally competitive. Our big corporations have used government regulations to create markets and effectively shielded from competition. We can win if we let small companies grow into large ones. Current regulatory and tax conditions are not favorable.
This sounds like a plot from a James Bond spoof.
If China can be goaded into a big enough hissy fit, maybe they will produce enough HFC-23 to help forestall global cooling. Go China. For the grandchildren!
Why does this have a bit of James Bond about it?
Evil Chinese bureaucrat threatening the world with destruction ?
Bond arrives in his tricked out Chevy Volt-oh, wait…
This is hilarious..
The bottom line of all this climate control activism was always, if you stood way back to get some perspective on their goals, whether the activists were willing to invade and conquer — or commit other acts of war against — those who were stubbornly unwilling and uncooperative. If the answer to this is “No”, then climate activists are fundamentally unserious about what they claim to want.
OK, OK…Can I get in on the VOTE?
My vote is PRO-Chinese. AND also has the HAHAHAHAHAHAHA! Attached.
Hoisted on our own PETARD (small bomb, the phrase means to be setting one to go off, have it go off while you are on top of it, and being HOISTED by your own small bomb.)
Hee Hee Hee.. Go get us China. Proper response: Let it all loose!
Max
One person used the right word, extortion. Blackmail involves the release of embarrassing or implicating information.
Hey the US is getting colder. We could use some more greenhouse gases.
Does this situation say more about about the IPCC warmists or the Chinese communists?
Unrepentant greed————- just about sums up Al Gore!!
Sounds like the plot for a bad made-for-the-SyFy-channel movie-of-the-week, or maybe a ‘Matt Helm’ reboot.
Is that the stuff used to suppress fires? Still the global warming crowd must be going through hell.
Anthony,
I’m pretty sure that no one in the history of the republic has ever seriously suggested that entitlements can be eliminated.
Unless a briefcase of small unmarked bills is left on my doorstep by noon today, I fully intend to open several cans of carbonated beverage and release the contents into the atmosphere.
Pay up, or suffer my wrath!
The Eurocrats wanted the Chinese to address their GHG emissions problem. Be careful what you wish for…
😀
How much can it possibly cost to incincerate the HFC gases? You could probably extract power in the process. Why not simply offer to build an HFC incineration plant? Or is this all about extracting large sums of money from the West?
I was expecting a ‘satire’ tag on the end of this post. It just gets more and more surreal…
The invisible hand of the market affects invisible gases.
This happens every time someone invents a new shell game – the big guy comes and takes over his business.
Just proves the Chinese aren’t stupid.
I suppose this is what happens when bureaucrats with no understanding of economics try to create a market, where no demand exists, through perverse incentives and penalties.