We have seen news reports that Al Gore stands to make hundreds of millions of dollars in CO2 credits trading via his new trading organisation. And I suspect most of the politicians who have jumped on to the band wagon of Cap and Trade have visions of dollars floating in their empty heads!

Despite the fact that more than half the real climatologists who were surveyed, said the world is actually cooling not getting warmer. The politicians all over the world are pushing this new Ponzi scheme.

Well, the fly in the ointment just may have spoiled there vision of control and riches for themselves. A report by a respected organisation was introduced to the members of the G8 meeting in Italy that may start people thinking about flushing CAP and Trade!

The Kyoto Protocol requires leading economies, by 2012, to cut by specified amounts carbon dioxide (CO2) and other “greenhouse gases” blamed for climate change. It allows for trading in carbon “credits” among lighter and heavier emitters.

A conference in Copenhagen late this year aims to deliver a global agreement for action after 2012, the end of the Kyoto-applicable period. Activists are pushing for much bigger emission-reduction targets and more stringent timetables than those set by Kyoto.

But the new report says Kyoto and its underlying approach have had no meaningful impact at all. To the contrary, cap-and-trade schemes – which set a limit on emissions and allow trading in emissions permits or carbon offsets – had seen emissions continue rising.

The report comes from a consortium of research institutes in Europe, North America and Asia, led by the London School of Economics’ (LSE) Mackinder Program and the Institute for Science, Innovation and Society at the University of Oxford.

It says the only policies that will work are those focusing directly on improving energy efficiency (reducing the amount of energy needed to provide the same service) and decarbonizing the energy supply (finding ways to reduce the amount of carbon released per unit of energy consumed), through developing and deploying technology.

“Policy should focus directly on decarbonization rather than on emissions; on causes instead of consequences,” the authors say.

“Worthwhile policy builds upon what we know works and upon what is feasible rather than trying to deploy never-before implemented policies through complex institutions requiring a hitherto unprecedented and never achieved degree of global political alignment,” lead author Gwyn Prins of the LSE Mackinder Program said in a statement.
Source:CNSNEWS

Prins and his co-authors find fault with initiatives like the Waxman-Markey cap-and-trade legislation – passed by the House of Representatives late last month – as well as the European Union’s emission trading scheme and Britain’s Climate Change Act.

Instead, they point to Japan’s climate strategy – setting a realistic, concrete target, “to be met by real-world efficiency gains and decarbonization through deployment of efficient and low-carbon technologies.”

“The Japanese target does not depend on the froth of purchased offsets,” they add.

The report notes that Japan, ironically, was slammed by environmentalists and the U.N. climate panel for what were seen as unambitious targets, even though its policy is actually working.

“Evidence from the best studied and most efficient example, namely the Japanese iron and steel industry, shows a 19 percent reduction in CO2 1991-2008 as a result of direct efficiency gains.”

‘Don’t put dogmatism ahead of pragmatism’

Despite the experts’ appeals, carbon trading looks set to stay ,there is too much money invested in the trading of CO2 credits to allow it to fail. And it will expand! To the average citizens detriment and to fill the pockets of the political aristocracy!

Obama met with Swedish Prime Minister Fredrik Reinfeldt at the G8 gathering Wednesday and, according to Reinfeldt, expressed interest in linking a U.S. carbon trading market with one run by the E.U. and, possibly, Australia. Sweden holds the rotating E.U. presidency.

Writing on a Nature magazine Web site, Jeff Tollefson voiced doubt that the idea of reversing course put forward by Prins and his co-authors would garner much enthusiasm.
How much money will Obama and his henchman make off this canard we will never know. But one thing we all know is that it will cost US a lot more in the cost of living because of the incumbent increase costs of energy

The taxpayers have been paying for Congressional "junkets" for decades. The Hypocrisy of these foreign trips is that they are said to be fact finding missions, when in reality most are disguised vacations for both Republicans and Democrats depending which party holds power at the time.
While the president was spending more than a million dollars of the taxpayers money flying Air force one and two other jumbo jets to Las Vegas and Los Angeles to raise money for Harry Reid and the Democrat party. "QUEEN" Pelosi was in Communist China talking up the emissions control line.
What she thinks she will accomplish talking to groups of school children as she did is purely speculative. I think she just wanted to visit China and see the sites, and is using the excuse that she is promoting the idea of reducing carbon emissions.

The Associated Press is reporting that U.S. House Speaker Nancy Pelosi urged Beijing on Thursday to cooperate on climate change, calling a safe environment a basic human right.

Only she was not talking to the Country's leaders. She was speaking at Beijing elite Tsinghua University, Pelosi continued the theme of her five-day China trip,that combating global warming represented a new challenge that both governments must tackle jointly.
Students have very little to say about government decisions as Tienanmen Square proved!

"We are all in this together," Pelosi told an audience of about 200 students and faculty who applauded enthusiastically throughout the 45-minute session. "The impact of climate change is a tremendous risk to the security and well-being of our countries." She might as well been talking to Kindergarten children, because she must know that China has been exempt from any Carbon emission regulations that are mandated by the International body that will draw up a new Carbon Emission treaty in Germany this summer!

CNS NEWS is reporting that the new United Nation's global warming treaty is expected to give some of the world's worst polluters--such as the communist People's Republic of China--and some of the world's wealthiest nations--such as the oil-rich United Arab Emirates--a license to continue freely pumping carbon into the atmosphere while restricting the emissions of the United States.

The United States will be joining other countries next month in attending “climate talks” in Bonn, Germany, in preparation for the United Nations' Conference of the Parties 15 (COP15) climate-change summit that will take place in Copenhagen in December. At the meeting, the United Nations Framework Convention on Climate Change (UNFCCC) will oversee the drafting of an international treaty that will allow some of the world’s wealthiest nations and worst polluters to avoid the legally binding regulations on carbon emissions and greenhouse gases expected in the document. Countries categorized by the United Nations as Annex 1 Parties, including the United States and much of the industrialized world, are considered developed nations that will not be harmed by controlling carbon emissions.

Non-annex I Parties, on the other hand, are countries considered to be “developing” or have “economies in transition.” These Non-annex 1 countries such as China – which emits the most carbon emissions of any country in the world, according to the Union of Concerned Scientists’ Top 20 Countries for CO2 Emissions--will be able “sign on” to the treaty but will not be legally bound by it. And some of the world’s wealthiest nations, including Saudi Arabia and the United Arab Emirates, are on the Non-annex 1 Parties list.

So while Communist China is developing the capacity to drill for crude oil in Africa, and any other country that will allow them. We are trying to substitute a proven method of producing the energy that makes the wheels of the Free Enterprise system work, oil. Billions are being spent to develop wind turbines, solar panels and the poor substitute for gasoline, ethanol,to heat and air condition our homes and run the transportation industry. This tact will slowly but surely make the USA a third rate country. If Americans do not wake up to the canard that is being perpetrated upon us by those who stand to get rich on Carbon Credits, and those who want to see this country fail so Godless Communism can take the reigns of power.This Country will run out of oil and the wind turbines and solar power cannot run our airplanes much less run what industry we still have. We have not built a refinery for over 30 years, and the "tree huggers" have convinced Congress to deny drilling off shore, so get ready for an expensive winter just to heat your home!

Perhaps the prediction of John Adams is coming to fruition!
"Remember Democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a Democracy yet that did not commit suicide.” – John Adams, letter to John Taylor, April 15, 1814