JoNova

A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).


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When is a free market solution *not* the answer? When it isn’t free.

Profit through regulation of markets

Which caring environmentalists are trying to save the world through carbon credits? That would be the Banksters. Watch how the banks are working to “fix” the free market, via intervention and regulation, and milk the system to maximize profit. The so called capitalist pigs are really working in the style of the Soviets.

How sick is the EU carbon market? “It’s a dead man walking” according to Johaness Teyssen, chairman of EON.

The price of carbon hit record lows recently:

Carbon permits plunged to a record after European Union data showed emissions from factories and power stations in the region fell more than expected last year amid milder-than-normal weather.

EU carbon for December dropped 11 percent to close at 6.34 euros ($8.45) a ton, the biggest loss since April 28, 2006 on the ICE Futures Europe exchange in London. The previous low was 6.38 euros on Jan. 4. Power-industry emissions dropped to 2009 levels, said Matteo Mazzoni, an analyst for NE Nomisma Energia Srl in Bologna, Italy.

“That is the elephant in the room,” he said today by e- mail. “And then, of course, you have stagnating industrial production.”

But wait. Isn’t “lower industrial [...]

Deutsche Bank — A Wunch of Bankers

Carbon credits: Just another excuse to "print money"

… If this was Exxon pushing a PDF promoting skeptical views, it would be on the front page tomorrow. Where are the front page headlines?

“Bankers feed scare-mongering report”

Instead it’s just Deutsche Bank try to save the world their profit line.

Just in case you are missing your daily dose of being spoon fed propaganda by Bankers who want your money, see Climate Spectator Balancing reason and risk, where Deutsche Bank is helping the skeptics by giving us yet another example of just how desperate they are to get carbon trading running.

Q: When will the bankers worry about whales?

(Ans: When they can trade Humpback Credits.)

The good news is we are getting to them, and we are marking the lines they need to jump over. They now admit it looks bad when they denigrate scientists (they finally “get” that they shouldn’t call scientists deniers):

Although the scientific community has already addressed the sceptic arguments in some detail, there is still a public perception that scientists have been dismissive of the sceptic viewpoint,

Watch how they pretend to care about the science (science-schmaltz), [...]

Deutsche Bank *really* wants us to trade carbon

Six months ago, Deutsche Bank was overcome with concern about the planet—bless its soul–and launched this 70 ft. vision of climate doom opposite Madison Square Gardens, New York. You can feel relieved. The bank paid for the carbon credits (no doubt through one of its own funds), so the 40,960 low-energy light-emitting diodes are “carbon-neutral.”

Kevin Parker for Deutsche Asset Management said: “We hope with this sign that it is going to foster a sense of urgency about the problem, raise public awareness, create a need for education and really spur a call for action”

Spurring action indeed. “Sign Copenhagen; Sign Cap N Trade; Give us that $2 trillion dollar market based on meaningless paper permits, and funded by consumers everywhere. Please!”

In a more candid moment, Parker said: “Well, what we’d like to see is a price on carbon. That is absolutely foremost in everyone’s minds involved in the climate change debate. The governments around the world have to get on with regulations…”

Yes, the real agenda is the legislation: forced payments from citizens. We all know we aren’t going to see the Deutsche Bank Top-Soil Clock coming [...]

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