James Hansen: Sack Goldman Sachs' Cap-and-Trade

I published an op-ed in today's New York Times ... on the deadly cap-and-trade fiasco that conniving governments are attempting to foist on us to the detriment of our children and grandchildren. Their scheme, hatched in collaboration with Wall Street big banks, is a reprise of the Kyoto Protocol. Global emissions after Kyoto actually increased more rapidly (in real terms, percentage terms, and exponential rate of growth) than before. Even those few countries that reduced their emissions (and few did after "offsets" are eliminated) did so by exporting their emissions (and jobs) to developing countries (to make products exported to the developed countries).

As I explain in my book "Storms of My Grandchildren" ... what is planned for Copenhagen is a selling of Indulgences, as in the Middle Ages when the Catholic Church sold forgiveness of sins. The Bishops were very happy (lots of moulah) and the sinners were happy (they could still go to heaven). The developed country sinners in Copenhagen will be paying moulah via "offsets" (many imaginary or unverifiable) and "adaptation" funds and the developing countries will be looking to collect as many billions as possible. Can't blame them for that, but it is plain as day that the global emissions are not going to take the rapid downward track that the science demands.