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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The carbon casino caught with its pants down (again)

Another major carbon auditor goes down.

Norways’ DNV (Det Norse Veritas, “The Norwegian Truth”) was the largest auditor of the infamous CDMs (Clean Development Mechanisms) until it was suspended last December when it was caught selling carbon credits for projects it hadn’t checked. At the time it was so large it had approved fully half of all CDM credits on the market. Its excess workload was transferred to number two auditor, SGS, and shock, this week, SGS has been caught and suspended because it couldn’t prove it’s staff had properly vetted projects either. Indeed it couldn’t show that they were even trained to do that vetting. (Did SGS not see this coming?)

When the West offered money to buy the rights to air-with-slightly-less-carbon-dioxide-than-it-could-have-had, China and India put up their hands and said “Yes please” 900 times. And why wouldn’t they? CDMs are worth about 20% of all emissions trades, which amounted to $126 billion in 2008. Up until the global financial crisis it was doubling annually, like all good ponzi schemes do.

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Climate money: Bigger money moves in

Climate Money is poised to rocket—creating even larger pools of vested interests. Once it starts, how could we unwind trillions of trading rights?

Say hello to the real new force in climate science—banks.

The Shadow of Stratospheric Climate Money. Far north South Australia, Aug 2009.

First Up. Governments Up the Ante.

In the 2008-2009 financial year, Bush threw billions on the table with financial rescues and tax credits, only to be wildly outdone by Obama.

The new funding provisions made since the financial emergency of Sept 2008 are not included in the previous table of climate funds that amounted to $79 billion (so far). It’s difficult to assign the rescue package figures into strict financial years—yet the new numbers are titanic, and step right out of the scales drawn on the past funding graphs.

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The Wong-Fielding meeting on global warming

Finally, the question we’ve all wanted to ask of the people in power: Where’s the evidence?

Senator Fielding holds a crucial vote on the proposed Emissions Trading Legislation.  Fielding and four independent scientists faced the Minister for the Climate Change and Water, Penny Wong, The Chief Scientist, Penny Sackett, and Professor Will Steffen, director of the Climate Change Institute at the Australian National University. Read what happened from someone who was there.  Joanne Nova

Guest Post by Dr David Evans

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Carbon credits: another corrupt currency?

Carbon credits are a form of fiat currency, yet as calls for carbon trading grow, ironically, another fiat currency collapses—destroying life savings, wiping out jobs, and taking down historic institutions overnight. [...]

Submission to the Henry Tax Review

Submission for Treasury Secretary, Ken Henry for Australia’s future tax system

http://www.taxreview.treasury.gov.au/content/Content.aspx?doc=html/submissions.htm

Regarding: the Emissions Trading Scheme, and any tax relating to carbon dioxide.

Before Australia commits to any tax the Australian people deserve to know that the taxation rules are based on the latest and best scientific evidence available. The evidence about climate change has changed dramatically since 2003. I was a committed believer that action was needed, but like many other scientists I have changed my mind. Please bear in mind that the theory of greenhouse gas emissions causing atmospheric warming is just that—a theory, and it has no empirical observable evidence to back it up.

The need for any carbon tax regime hinges on the question below:

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