Sunday, March 21, 2010

Quadrant Online - End-phase of the Climate Wars?
[Barry Brill] Five-hundredths of a degree Celsius per decade produces extra nocturnal warmth at about the same rate as we grow toenails. It is far too insignificant to be detected by human sensors or even by standard weather thermometers - which are usually rounded up to the closest whole degree. It is a statistical fiction, created by computer-splicing of incompatible datasets, derived from averages of averages of inconsistent instruments.

The controversy continues. But with the imprimatur of Phil Jones to the key fact that recent warming is not unusual, the debate will never be the same. The two sides are edging closer to a common set of facts; and it surely cannot be too much longer before common conclusions are drawn from those facts.
Climate change debate now a one-man show - Salt Lake Tribune
When lawmakers began touting Lord Christopher Monckton's visit to Utah a few months ago, the idea was to have a freewheeling debate on climate-change science.

That matchup never materialized, and now the Third Viscount of Benchley is set to take the stage solo, twice on Tuesday at Utah Valley University's MacKay Events Center in Orem, for a presentation he hopes will be entertaining and informative.
Hunt for ‘rogue trader’ over recycled carbon credits - Times Online
A TINY London trading firm is at the centre of a shadowy chain of international deals involving the carbon market’s first “rogue trader”.

A mystery investor made a £1.8m profit last week by selling invalid carbon permits to unwitting buyers in Europe — which caused a temporary trading freeze at two of the main carbon trading exchanges.
...
The story began in Hungary, where the government sold 800,000 carbon credits known as CER’s, or carbon emission reduction certificates, to a trading firm called Hungarian Energy Power. The company, whose website was set up only two weeks ago, bought them for €9 each, or about €7m. HEP then immediately transferred them to Microdyne, which in turn sold them to a trading firm in Hong Kong, which sold them via Bluenext to a number of European brokers and banks at about €11.50 to €12 each, generating a quick profit of €2m.
...
A handful of buyers have threatened to reveal the identity of the rogue trader unless they can sell back the credits at the price they paid. Anvar Kasimov, owner of Microdyne, said in a letter this weekend that the Hong Kong group it sold them to knew they were recycled before selling them on. He said contract rules barred him from revealing the firm’s identity.

No comments: