A UT professor on Cap and Trade | No Silence Here | knoxnews.com

Given the economic effects of cap and trade one wonders why any politician would vote for it. The reason why politicians want cap and trade is that it would constitute the largest tax increase in history and would be used to pay for the unprecedented increase in government spending.

Germany’s $143 Billion Wind Farms Jeopardized by Tight Funding - Bloomberg.com

June 3 (Bloomberg) -- As much as 100 billion euros ($143 billion) in planned investments in German offshore wind farms are at risk as developers struggle to get funding, jeopardizing the deepest emissions cuts in the European Union.

Reuters AlertNet - Mexico sees support for U.N. climate [fraud forced wealth redistribution] plan

BONN, Germany, June 3 (Reuters) - A Mexican proposal to raise billions of dollars to fight climate change is winning backing in talks on a new U.N. treaty, paradoxically because no one really likes it, a Mexican official said on Wednesday.

"It has something for everyone, although everyone will dislike part of it. That's the beauty of the proposal," Fernando Tudela, Undersecretary of Planning and Environmental Policy, told Reuters on Wednesday.

"It could be an area of consensus because nobody likes 100 percent of it," he said on the sidelines of June 1-12 U.N. climate talks in Bonn working on a new U.N. climate treaty due to be agreed in Copenhagen in December.

The "Green Fund" plan would oblige all governments to pay in cash based on a formula reflecting the size of each nation's gross domestic product, greenhouse gas emissions and population.

That could ensure that rich nations in Europe or North America, with the longest history of industrial use of fossil fuels, pay most. Cash would be paid mostly to poor countries at risk from droughts, floods, heatwaves or rising seas.
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"There is also the possibility that the private sector could invest in the fund," he said. Businesses, for instance, might be able to withdraw credits in exchange for investments.