Carbon Trading – A medieval pardon that is corrupt and inefficient

I am very happy to notice that some of the so called ”green movement” finally have wakened up to the giant scam called carbon trading. And recognize it for what it is – A GIANT FINANCIAL SCAM that puts all the burden on the common people and does nothing whatsoever for the environment.

As I wrote in my post World’s Largest Auditor of Clean-Energy projects was suspended by UN inspectors because they had NO qualifications and did NO vetting:

 “The never ending story of the giant swindle that’s called cap and trade, carbon trading, CDM etc continuous with ever more revelations of the blatant corruption in the system.

As I have said in many of my posts: The cap- and trade scheme is a giant swindle where BOTH buyer AND Seller benefits from cheating. It’s an open invitation to fraud and manipulation. At normal peoples expense.

The latest episode of “The Sopranos” is the news that the BIGGEST company that is supposed to do the vetting, verifying and checking of the projects BEFORE THEIR APPROVAL is now suspended by it’s UN masters.

As it turns out (surprise, surprise) the staff of SGS lacks skills, knowledge and where under “external influence”.

And these guys spends billions of $ of our tax money”

See also my last post:

 How They, the Politicians, Are Turning Off the Lights in America AND Europe

Geschäftet och fusket med handeln av utsläppsrätter!

An Organization Diagram from Hell – Welcome to carbon trading!

Geschäftet och fusket med handeln av utsläppsrätter! – U.N. Effort To Curtail Emissions In Turmoil

Geschäftet och fusket med handeln av utsläppsrätter! – UP IN SMOKE Two Carbon-Market Millionaires Take a Hit as U.N. Clamps Down

Global Warming Hysteria – It’s all about the money, YOUR money

Europe finds that cutting carbon emissions is far easier said than done.

A CO2 graph that says it all!

The Price Tag – Kostnaderna för Global Warming för VANLIGT FOLK!

$ 2,9 Biljoner i sänkt BNP för en sänkning av CO2 på 25 ppm!

See  “Sustainability” and Carbon Taxes runs amok in my town for all my posts on carbon tax and its effect on America.

See all my posts on Carbon Trading here:

https://uddebatt.wordpress.com/tag/carbon-trading/

Friends of the Earth attacks carbon trading

http://www.guardian.co.uk/environment/2009/nov/05/friends-of-the-earth-attacks-carbon-trading

Friends of the Earth attacks carbon trading

An FoE report says ‘cap and trade’ carbon markets have done little to reduce emissions but have been plagued by corruption and inefficiency

Ashley Seager The Guardian, Thursday 5 November 2009

The world’s carbon trading markets growing complexity threatens another ”sub-prime” style financial crisis that could again destabilise the global economy, campaigners warn today.

In a new report, Friends of the Earth says that to date ”cap and trade” carbon markets have done almost nothing to reduce emissions but have been plagued by inefficiency and corruption that render them unfit for purpose.

As the world heads towards the Copenhagen climate summit, Britain and other developed countries want to see carbon trading expanded worldwide. The carbon market, mainly based in Europe, was worth $126bn in 2008 and is predicted to mushroom to $3.1tn by 2020 if a global carbon market takes off.

However, FoE fears that the area has been hijacked by speculators on the financial markets. Sarah-Jayne Clifton, the report’s author, said: ”The majority of the trade is carried out not between polluting industries and factories covered by carbon trading schemes, but by banks and investors who profit from speculation on the carbon markets – packaging carbon credits into increasingly complex financial products similar to the ‘shadow finance’ around sub-prime mortgages which triggered the recent economic crash.”

The FoE claims that the first phase of the European emissions trading scheme between 2005 and 2007 failed. And the second phase, from 2008-2012, is likely to fail too, it said. FoE is calling on governments to use more reliable instruments such as carbon taxes, which are harder to avoid and can be effective at changing people’s behaviour and reducing emissions.

A spokesman for the Department of Energy and Climate Change said: ”We agree that domestic action by developed countries as well as public finance is essential to meet the challenge of climate change and … the UK is going all-out to get an ambitious, fair and effective deal.

”But carbon trading can also play a role, making it far more likely that we tackle dangerous climate change, get cost-effective emissions reductions and get money to the poorest countries of the world.”

guardian.co.uk © Guardian News and Media Limited 2009

Ethical travel company drops carbon offsetting

http://www.independent.co.uk/environment/green-living/ethical-travel-company-drops-carbon-offsetting-1816554.html

Ethical travel company drops carbon offsetting

Critics say the scheme merely permits people to continue polluting

By Jerome Taylor Saturday, 7 November 2009

One of Britain’s leading ethical travel operators has launched a scathing attack on the carbon offset industry and has decided to stop offering offsets to its customers as a way of reducing their greenhouse gas emissions. Justin Francis, the founder of responsibletravel.com, said he had decided to abandon offsets because he believes they have become a ”medieval pardon that allows people to continue polluting”.

In 2002 his company became one of the first British travel operators to begin offering customers the opportunity to buy into an offsetting scheme. By paying money to a third party operator that ran carbon-reducing projects in the developing world, holidaymakers could jump on board flights supposedly happy in the knowledge that any carbon dioxide released during their journey would eventually be reduced by the equivalent amount somewhere else.

Supporters of the scheme, which has now become a multibillion pound industry, say it is a vital way of quickly reducing the world’s carbon emissions and combating climate change. But a growing number of critics say it is simply a way for people and businesses in the developed world to buy their way out of a problem without actually committing themselves to reductions in their own emissions. After years of falling into the former camp, Mr Francis has now joined the growing number of offset critics.

”Carbon offsetting is an ingenious way to avoid genuinely reducing your carbon emissions,” he said yesterday. ”It’s a very attractive idea – that you can go on living exactly as you did before when there’s a magic pill or medieval pardon out there that allows people to continue polluting.”

As some of the top polluters, the aviation and travel industries have been keen to promote carbon offsetting to their customers. Until a fortnight ago responsibletravel.com used Climate Care, a major offsetting company which was recently acquired by the investment bank JP Morgan. But Mr Francis said he became increasingly uneasy about the way the travel industry was using carbon offsets and pulled his company out of the scheme.

He added: ”It was not an easy decision. It would have been much easier for me to go on blithely offering offsets, keeping my head below the parapet. But ultimately we need to reduce our carbon emissions. We can do this by flying less – travelling by train or taking holidays closer to home for example, and by making carbon reductions in other areas of our lifestyles too.” His decision, however, has been criticised by carbon offset companies who are adamant that buying carbon credits does lead to a tangible reduction in greenhouse gases.

Climate Care did not comment yesterday but James Ramsay, the commercial director of another offsetting firm, Carbon Clear, said: ”If you are going to take the view that offsets don’t work then presumably you just stop there. But the trajectory that we’ve got to achieve for climate change doesn’t give us the luxury of time. Waiting for, say, the aviation or travel industry to reduce its emissions leaves us way behind the trajectory of achieving 80 percent cuts in global carbon emissions by 2050.”

Carbon offsetting is something that has always divided the environmental movement. It was quickly transformed from a minor experimental idea into a multimillion-pound carbon market. Europe’s carbon market alone is now worth £81bn and is expected to account for at least half of the European Union’s carbon reductions to 2020.

Responsibletravel.com say they will now attach ”carbon warnings” to their holiday packages detailing the damage done to the environment by a flight, just as cigarette packets warn of the hazards of smoking. ”What we have to do is offer holidays that are the most beneficial to the environment,” Mr Francis said. ”What we have to tell people is: ‘Fly less and when you do fly, make it count’.”

A multibillion-pound industry: The cost of a clear conscience

What do some of the major offset companies charge for offsetting a return flight from London to Sydney for two people?

*Climate Care: 11.23 tonnes of CO2 which costs £98.03 to offset.

*Carbon Clear: 2.82 tonnes of CO2 which costs £21.15 to offset

*The Carbon Neutral Company: 6.1 tonnes of CO2 which costs between £52 and £122 to offset depending on which project you choose

*Offset Carbon: 8 tonnes of CO2 at £76

*What do you get? Carbon Neutral Company offers a number of options to offset a return flight to Sydney. The cheapest, costing £51.85, goes towards capturing methane gas from a landfill in China, the most expensive (£122) invests in a dam in India.

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