Guest Post – Kevin Hearle – NZ?s Kyoto commitment (a farce) and here is why.


The New Zealand Kyoto commitment as measured by the Government fell to Zero in April of 2013 the actual commitment in Millions of Units was 29.1M Units but because the value of these Units is linked to the price in Euros of a CER on the European Exchange and that fell to ?0.01 effectively zero our units are deemed to be worth less than a CER (though why a unit of carbon is worth less in NZ than it is in Europe is beyond me) this made our 29.1 million credit worth nothing.

Let?s consider that we can actually measure our commitment with any certainty for the moment.

The price of carbon has fallen from around ? 12.00 in 2008 to effectively zero ?0.01 in April 2013. This fall is due to the manipulation of the market by the EU in allowing the market to be flooded with CER?s? and now by the complete loss of credibility of the UN IPCC and the Catastrophic Anthropogenic? Global Warming ?scenario painted by that organisation. ?The IPCC?s 5th Assessment report has been bagged by scientists and the press alike.? James Delingpole?s article in the Telegraph? headlined ?The climate alarmists have lost the debate: it’s time we stopped indulging their poisonous fantasy? sums it up.

Delingpole quotes? IPCC lead author Dr Richard Lindzen as saying ?the IPCC has ?“sunk to a level of hilarious incoherence.” Nigel Lawson has called it “not science but mumbo jumbo”. The Global Warming Policy Foundation’s Dr David Whitehouse has described the IPCC’s panel as “evasive and inaccurate” in the way it tried dodge the key issue of the 15-year (at least) pause in global warming; Donna Laframboise notes that it is either riddled with errors or horribly politically manipulated ? or both; Paul Matthews has found a very silly graph; Steve McIntyre has exposed how the IPCC appears deliberately to have tried to obfuscate the unhelpful discrepancy between its models and the real world data; and at Bishop Hill the excellent Katabasis has unearthed another gem: that, in jarring contrast to the alarmist message being put out at IPCC press conferences and in the Summary For Policymakers, the body of the report tells a different story ? that almost all the scary scenarios we’ve been warned about these last two decades (from permafrost melt to ice sheet collapse) are now ?graded by scientists to somewhere between “low confidence” to “exceptionally unlikely;” . ?

The financial markets have spoken and they no longer see value in a ton of carbon. The markets have absorbed the AR5 and will continue to extract clients from the market with the least losses possible in the circumstances. This is what happens when a market is built on nothing more than an artificial construct by European politicians who based their faith in fabricated science to justify a political agenda to redistribute wealth by destroying the economies of the West through demonising CO2.?? ??The core issue for scientist hijacked by the IPCC was the proving that climate sensitivity to CO2 was high to the extent that it would produce run away global warming. This in turn depended on positive feed backs in particular by water vapour in the atmosphere. However there appears to be no feedback and quite likely if there is it is negative. CO2 on its own can?t cause the necessary temperature increase to make the IPCC agenda credible.

For New Zealand this leaves us with a worthless Kyoto commitment and ETS that produces no signal to the market to make changes in CO2 emissions (quite rightly) other than that this has all been 20 years of misspent resources by Government. It is now behoven on Government to dismantle the ETS and the huge bureaucracy that it has spawned.? New Zealanders must be set free from this pseudo scientific fabrication of climate related policy initiated by the UN,UNFCC and IPCC so we can get back to controlling our own destiny and environment.

Kevin Hearle