Carbon Trading new avenue for crooks

Fran O'Sullivan: Adventures in carbon trade – 26 Sep 2007 – nzherald

Fran O'Sullivan looks at the flawed carbon trading system that we are about to embark upon in our futile bid to halt Earth's natural cyclic climate system.
First up she gets a slam in about the whole stupid presumption behind such flawed logic.

[quote]Let's put to rest here (quickly) the notion that this column will attack the basic science of global warming as a crock.

There's nothing to be gained from reopening that debate.[/quote]

In other words, she knows it is a crock, any thinking and well read person knows it is a crock but we can't say such things because as one civil servant told me the other day we are "heretics". Gee isn't funny that people who decry religion are the ones using religious phrases to describe opponents of the new religion.

Anyway onto the rest of her article which examines the failings and potential pitfalls of the silly system that we have all adopted in order to sacrifice at the altar of the new religion.

[quote]The Government rejected taxes as a blunt instrument (in truth this was the result of a concerted business-led lobbying campaign) then goes on to admit that in practice no one knows exactly how a country's emissions will respond to the changes in the price of emissions which occur through trading regimes.

Buried in the back of the 149-page document is this gem: If there were to be an international shift away from emission trading regimes and the NZ scheme were to become anomalous, the administrative systems being put in place could be relatively easily transformed to a tax-based system at a later date.[/quote]

Right, so we all opposed a carbon tax but we are going to get one anyway because the government has already seen that this system will fail and the trading can easily be turned into a tax. Nice one.
Now what about fraud.

[quote]Investigations in the UK by the Financial Times and the Guardian have uncovered widespread fraud in such areas.
The FT found companies rushing to go green had spent millions on carbon credit policies that yielded few environmental benefits.
It found:

  • Widespread instances of people and organisations buying worthless credits that did not yield any reductions in carbon emissions.
  • Industrial companies profiting from doing little, or gaining carbon credits on the basis of efficiency gains from which they had already benefited substantially.
  • Brokers providing services of questionable value.
  • A shortage of verification.
  • Companies being charged over the odds for the private purchase of EU carbon permits that had plummeted in value because they did not result in emissions cuts.

The Guardian found serious irregularities at the heart of the Kyoto process itself which the world relies on to control global warming.

The Clean Development Mechanism that is supposed to offset greenhouse gases emitted in the developed world by selling carbon credits from elsewhere has been contaminated by gross incompetence, rule-breaking and possible fraud by developing countries' companies.

The Guardian investigation relied on United Nations documents and feedback from projects on the ground. For instance, one-third of the projects registered in India were commercial ventures that did not produce any additional cut in greenhouse gases.[/quote]

Fantastic, evidence from one conservative business oriented paper and one liberal woolly thinking paper show that there is no benefit to the environment at all, rather the benefit goes into the pockets of savvy and crooked traders.

Nick Smith needs to pull his head out of his arse and start educating himself before imploring the caucus to follow this sort of b.s.

Powered by ScribeFire.

Do you want:

  • ad-free access?
  • access to our very popular daily crossword?
  • access to Incite Politics magazine articles?

Silver subscriptions and above go in the draw to win a $500 prize to be drawn at the end of March.

Not yet one of our awesome subscribers? Click Here and join us.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.