CLIMATE SPECTATOR: A great big carbon tax waste? | Tristan Edis | Commentary | Business Spectator
A number of people have expressed the view that the Australian carbon pricing scheme or carbon tax is a waste of time because it will largely rely on the importation of international carbon credits to achieve emissions targets.
If you look at the government’s own Treasury modelling it suggests that the carbon pricing scheme will indeed be heavily reliant on international credits to achieve emission targets, accounting for 97 million of the 152 million tonnes of abatement required by 2020 and around half of the abatement out to 2050.
Green Energy Bad Idea for Pension Funds - Salem-News.Com
I'm sorry if I am as skeptical of Al's financial acumen as I am of his meteorological expertise. But green investments are terrible performers.
More than a year ago I told my clients and readers to 'sell everything under the sun.' I shorted First Solar, America's largest solar manufacturer.
The stock was at $120. Today is at $14.
Line 'em up: The green energy cars, green battery companies, green solar, green wind, green you name it: They are toxic to a portfolio. Unless of course you short them.
Twitter / climatebrad: See the winners and losers
See the winners and losers from today's #climate ruling, in graphic form http://ow.ly/i/J1YJ/original
The Atlantic Hot Spot Of Stupidity | Real Science
Satellites measure the absolute elevation of the sea surface, whereas tide gauges measure the height of the sea relative to the land. If tide gauges show a large increase in sea level, but satellites don’t – the only rational explanation is that the land is sinking.
This is very basic science, and the failure of the experts to realize this is yet another indication that these people are incompetent.
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2 comments:
"A number of people have expressed the view that the Australian carbon pricing scheme or carbon tax is a waste of time because it will largely rely on the importation of international carbon credits to achieve emissions targets."
And Australia will be exporting huge amounts of their wealth for those carbon credits.
This is a way to redistribute wealth from the North to the South. They tried to do this under the NIEO but it fizzled out in the early 80's. Give these NGO's, policy-makers, politicians, and scientists credit for coming up with a grossly over-exaggerated scare (AGW) as a way to achieve the North-South wealth redistribution.
I bet Rockefeller funds played a significant role in this scheme...
The decline and fluxing in stock prices for solar panels and installations is because its an investment. You buy it but it won't pay off till time goes on, why can't that be put through people's heads? Of course it won't help your financial case immediately, no one ever thinks of the long term effect and thats the entire reason why we're resorting to green cycles and renewable energies so much now. Because no one cared about the long term.
-Sharone Tal
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