Thanks perhaps in part to Climategate 2, it is looking less like success and more like FAIL at Durban. The US has backed off and now refuses to agree to structure and funding of the United Nations Framework Convention on Climate Change (UNFCCC) “Green Climate Fund”. Just the name alone juxtaposed with the UN makes you want to run from it.
FT.com reports:
The US is refusing to sign off on a flagship global climate fund, as already fraught negotiations intensify ahead of next week’s UN climate summit and carbon prices plummet to new lows.
It was already feared that souring economic conditions and next year’s US presidential election would make it difficult for the UN summit – which opens on Monday in Durban, South Africa – to make headway on a new global warming deal before the main provisions of the Kyoto protocol climate treaty expire at the end of 2012.
More at the FT.com
http://www.ft.com/cms/s/0/95d58012-16c2-11e1-bc1d-00144feabdc0.html#ixzz1efbLUK1h
Info on the UNFCCC “Green Climate Fund” here
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UNFCCC
United Nations Fraudulent Climate Change Caper?
I’m sure the likes of Buffhune and Cameron will gladly offer to make up the difference so they can be the greenest government in the world…..EVAAAAAH!!
Sadly the well has long run dry. Buffhuhne blames runaway rising global temps….news at eleven.
U.N.F.C.C.C.
United Nations Fraudulent Climate Change Caper?
“and carbon prices plummet to new lows.”
Now at a minus value?
From “Eisenhower´s Farewell Address to the Nation,” January 17, 1961, at http://mcadams.posc.mu.edu/ike.htm :
— “The prospect of domination of the nation´s scholars by Federal employment, project allocations, and the power of money is ever present – and is gravely to be regarded.” [Birth of junk science, and junk scientists.]
— “Yet, in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy [global warming hoax] could itself become the captive of a scientific-technological elite.” [IPCC.]
Defund all “Green Economy” companies, IPCC, and all of their subsidies, as well.
SAY NO TO GLOBAL WARMING HOAX
SAY NO TO JUNK SCIENCE
We may yet be in big trouble in 2012 when it comes to carbon and AGW, according to RealClearpolitics the DEMS are winning the generic ballot for congress :-(. If repubs don’t get senate, and lose the house…. Lisa Jackson keeps her job, carbon pricing on power plants goes into effect, XL pipeline doesn’t get build, coal plants will be history…. middle class GONE.
I live 30 minutes south of Durban, and can provide a swift weather report. Almost the whole of November has been unusually wet and rather cold. Much rain yesterday, as many Delegates must have been arriving. Cold and miserable today, with no sun. If these folk are counting on good beach weather to get a tan, it seems they might just be disappointed! As they say around here: “Ag, shame”.
Geoff Alder
Pete if this is true, then there goes their Christmas bonus. I mean those stupid enough to invest in them, although others have been conned into it, and look as if their investments will not flourish as expected. The BBC has been reported that they invested some of their superannuation scheme in carbon credits. Whose going to buy carbon credits from Australia, at $23 per tonne? Certainly not those who are trying to sell or buy them when the market has crashed elsewhere. Australia is stuffed and still advertising for investors in clean energy? Windmills and solar. Recall The World Bank warning in June. Carbon credits/trading are going to crash if they don’t receive more investors. And then they warned the world temps would go up 3 – 4 C before 2015.
Geoff same here on the Northern Tablelands of NSW. Heavy rain, flooding, and cold too. Mind you we have experienced this before some years ago. And that year we had snow on high altitudes, on 22nd December, our summer.
I live in Australia, and I am starting to feel like a big fat turkey, thrilled with my invitataion to attend a thanks-giving feast. Now that my mission is to lead “by example” the rest of you lot down the plughole, the least you can do is pretend to follow us?
Someone coined the phrase “Green Cancer” it looks like the cure is on the way.
Our Minister for Climate Change, Greg Combet, is leading a group of 57 to Durban for the pig out. Last year in Cancun it was 42 and in Copenhagen, 114. They must know it may be the last so a few more have found it absolutely necessary to be there. Greg wants to crow about his carbon tax and how he single handedly screwed the Australian economy. May he suffer a severe case of frostbite at the conference.
Greg Combet has given everyone else the trotskies – may he too get an immense dose of them while in Durban…….
Good for the US.
There has been an admission that the proposed climate change rules are nothing to do with climate change but ALL to do with the redistribution of wealth to the Developing World. Complete error because the only way to develop and retain your new found wealth is to work for it and save the proceeds. Giving the peoples of the Developing World money would be wasted. Helping them to develop in their own time and way they learn faster and become proud of their own efforts to improve. That way we all benefit.
Geoff Alder says:
November 24, 2011 at 11:24 pm
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Keep the weather updates coming.
About 3 or 4 weeks ago, I posted a comment expressing hope that Durban would be unseasonally cold during the forthcoming conference. It would be ironic to see this happen.
Outtheback says:
November 24, 2011 at 8:33 pm
Well the wheels are falling off now.
Even the BBC is reporting that CO2 has less of an impact on global climate than previously thought. http:// http://www.bbc.co.uk/news/science-environment-15858603
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After I read that link, I had to go check that the author wasn’t the same Jennifer Carpenter as on Dexter. Shame really, it would have put an whole new perspective on investigative journalism.
China Starts Probe on U.S. Renewable Energy Policies, Subsidies
http://www.businessweek.com/news/2011-11-25/china-starts-probe-on-u-s-renewable-energy-policies-subsidies.html
Ahhh yes. The Climate Ca$h! Where would climate science and global warming policy making be without the (taxpayer-funded) Climate Ca$h?
Here’s what our Climate
OverlordsElites say about the “Green Climate Fund” (from the UNFCCC link):“The Fund will be governed by the Green Climate Board comprising 24 members, as well as alternate members, with equal number of members from developing and developed country Parties. The assets of the Green Climate Fund shall be administered by a trustee only for the purpose of, and in accordance with, the relevant decisions of the Green Climate Fund Board. The World Bank was invited by the COP to serve as the interim trustee of the Green Climate Fund, subject to a review three years after operationalization of the Fund. The COP also decided that an independent secretariat shall support the operations of the Fund.”
So there you have it! A big wad of Climate Ca$h to be administered by 24 unaccountable U.N. board members and The World Bank! What could possibly go wrong?
Carbon prices in Europe are diving, as a result of Climategate 2.0:
http://ecotretas.blogspot.com/2011/11/carbon-trading-in-crash-mode.html
Just in time!
AFP November 23, 2011 (bold added):
And what qualifies more as a need of the common good than saving everyone from the catastrophic ravages of unregulated unauthorized climate change that threatens the entire planet?
Don’t worry. No matter what, Brussels will see to it the partially-sovereign interdependent client states of the EU will all contribute their fair share. Money for windmills or decorative sun-catchers on EU lands, or to send off to some territorial entity with UN membership where someone with a WWF/Greenpeace connection will promise to eventually cut or absorb carbon emissions in return for hard currency now (preferably something better than Euros, like Yuans)… Brussels will make sure the common good is served.
@ur momisugly Ecotretas,
Nice find… here is a bit of recent history regarding carbon markets. I used your link as the grand finale…
Flashback:
Death of a carbon salesman: Chicago Climate Exchange
http://wattsupwiththat.com/2011/08/09/death-of-a-carbon-salesman-chicago-climate-exchange/
[snip]
CHICAGO—IntercontinentalExchange Inc. told traders Friday that it would shut down its U.S. emissions derivatives platform, a year after acquiring its parent only to suffer sparse trading as the prospects of a federal carbon-reduction plan remain dim.
The money-losing Chicago Climate Futures Exchange venture will continue operating through the first quarter of 2012 before closing, exchange officials said in a notice. ICE will then list over-the-counter emissions contracts mirroring products listed on the platform.
Then this…
http://www.environmentalleader.com/2011/08/09/ice-adds-21-emissions-contracts-to-replace-futures-exchange/
ICE Adds 21 Emissions Contracts to Replace Futures Exchange
[snip]
Intercontinental Exchange has announced plans to launch 21 over-the-counter North American emissions contracts.
The announcement follows on the heels of news that ICE will shut its emissions derivatives trading platform, Chicago Climate Futures Exchange, by the end of Q1 2012.
The new contracts will mirror products to be lost when the futures exchange closes, the Wall Street Journal reported. New products include derivatives linked to emissions reductions plans in California, Massachusetts, New Jersey and Connecticut, ICE said.
Now this.
Carbon trading in crash mode
http://ecotretas.blogspot.com/2011/11/carbon-trading-in-crash-mode.html
O frabjous day! Callooh! Callay!
The price of UN-backed certificates of emission reductions (CER), which polluters buy to offset their output of greenhouse gases, fell on Thursday to an all-time low of €5.90, down more than 50 per cent since June. The price of European allowances (EUA) under Brussels’ six-year-old emissions tscheme also fell to a record low on Thursday, hitting €7.80, below the previous low of €8.05 set in February 2009. EUA prices have fallen 15 per cent this week.
“We do not expect the pricing outlook to improve materially in the foreseeable future,” said Isabelle Curien at Deutsche Bank in Paris. Trevor Sikorski, at Barclays Capital in London, said: “The risks are biased to the downside.”
http://www.ft.com/intl/cms/s/0/29f0761c-1691-11e1-be1d-00144feabdc0.html#axzz1eizKjDu2
http://www.bloomberg.com/news/2011-11-25/pollution-curbs-in-kyoto-pact-may-lapse-as-un-talks-deadlock.html
much tax payers paying “to save the world” to the nearest million dollar.
crosspatch says:
November 24, 2011 at 8:57 pm
These people with their patronizing, condescending view of the people of the world make me ill. It is as if we are people they must “take care of” somehow lest we walk ourselves into oblivion.
————————————————————
When did we put the hall monitors in charge?
“There has been an admission that the proposed climate change rules are nothing to do with climate change but ALL to do with the redistribution of wealth to the Developing World”
But what I would like to know, is why does this assemblage of strange bedfellows so want to give money to the Third World. (a) We’ve been doing that for years, in the shape of ‘aid’ and its yielded precious little. (b) Is it some kind of internationalist version of the usual Lefty rant, “its all soooooooooo unfair” (and somehow giving the third-worlders some of my money [with a nice little commission in passing for the Lefty ranters] makes ‘it’ more fair) (c) Is it some cunning big business thing, capitalists alarmed by the limits to growth in the advanced world, can see that the future is to sufficiently enrich the third-worlders so they have enough money to buy fridges and cars and stuff. After all capitalist growth only really exploded when the workers got well paid enough to buy the products of the factories they themselves worked in. Perhaps our post modern capitalists have figured out that giving people money to let them become consumers is as good as their working for it. And if getting money into the hands of the third worlders only requires Jones et al to produce some dodgy verbiage, well, job done, surely?
From a few days ago…
New wind-energy label gains Deutsche Bank support
http://www.rawstory.com/rs/2011/11/18/new-wind-energy-label-gains-deutsche-bank-support/
From this morning…
Deutsche Bank Exercises In MADness: “Crisis Likely To Get Worse Before It Can Get Better… If Indeed It Ever Does”
http://www.zerohedge.com/news/deutsche-bank-exercises-madness-crisis-likely-get-worse-it-can-get-better-if-indeed-it-ever-doe