Doug Giles : The Global Warming Goons Want Your Little Ones - Townhall.com

I bet Jim Jones is tooling around hell right now green with envy over the mind manipulation the global warming greenies are wielding upon our culture....

The fool’s gold of carbon trading - Times Online

The complexity naturally means the system is open to abuse. Last year The Sunday Times revealed how SRF, an Indian company that produces refrigeration gases at a sprawling chemical plant in Rajasthan, stood to make £300m from selling certificates to overseas companies including Shell and Barclays. The Indian company had spent just £1.4m on equipment to reduce its emissions – and was using the profit to expand production of another greenhouse gas, a thousand times more . Other manufacturers damaging than CO2 in India and China producing similar products are expected to earn an estimated £3.3 billion over the next six years by cutting emissions at a cost of just £67m.

Internal papers leaked from the UN show that such problems arose because the system for checking companies involved in emissions reductions schemes was seriously flawed. One official estimated that up to 20% of the carbon credits issued did not represent genuine reductions in greenhouse gas emissions. This meant that the real effect of the system had been to increase the amount of greenhouse gas in the atmosphere.

Nor is this all. One of the unintended consequences of the carbon trading system is a potentially huge – and massively destabilising – transfer of money and influence from the industrialised West to Russia. This is because when the Kremlin signed up to the Kyoto treaty it was given an annual emissions limit based on the horrors pumped out by filthy old Soviet industries back in 1990. Since then Russia’s industrial base has contracted so drastic-ally that it uses only a fraction of its allowances. One recent analyst’s report found that Russia has accumulated emissions permits worth about four billion tonnes of CO2. The report warned: “Russia must be singled out as a potential threat to the ability of the market to produce a meaning-ful carbon price.”

There is of course another huge incongruity in Russia, one of the world’s biggest suppliers of coal, gas and oil, also in effect having control of the system for reducing emissions from these fossil fuels. It means that the West could end up paying the Russians for fuel – and then paying them again for the right to burn it.