Holy Mother Market !

Video Credit : Democracy Now

Of all the macroeconomic proposals put forward over the last two decades for consideration by the United Nations Framework Convention on Climate Change, the most ridiculous has to be Carbon Trading.

To imagine that a market can be created for something that the industrialised country economies are highly dependent on is an hallucination.

Carbon Dioxide emissions are in lock-step with economic growth, the creation of liquidity, if not wealth. To try to price Carbon Dioxide emissions would be to attempt to give a negative value to a positive commodity. It just won’t work. Nobody will want to buy it. And if they’re forced to buy it, they won’t want to pay much for it. And nobody can think of a way to force the developed countries to pay for their Carbon Dioxide emissions.

Even before the “serious” negotiating week of Cancun begins, the Kyoto Protocol has been pronounced dead on arrival :-

http://www.democracynow.org/2010/12/6/climate_talks_in_jeopardy_as_industrialized

Nobody ever said the “KP” was perfect – it only committed countries to a very small level of emissions cuts. Some commitment ! Few of the countries in the KP have taken their responsibilities to cut emissions seriously. And if they have, they’ve just outsourced them to China.

But the Son-of-Kyoto Post-Kyoto Protocol Protocol could have been something, you know, if the industrialised countries admitted they needed to back down significantly from rising and large emissions profiles – if developed nations had not tried to lean on the “flexible mechanisms” that effectively legalised offsetting their emissions with emissions reductions in other peoples’ countries.

But, no.

It appears from Wikileaks that the United States of America have been scuppering the United Nations’s best efforts :-

http://www.democracynow.org/2010/12/6/bolivian_un_ambassador_pablo_solon_reacts

“Secret diplomatic cables released by WikiLeaks have revealed new details about how the United States manipulated last year’s climate talks in Copenhagen. The cables show how the United States sought dirt on nations opposed to its approach to tackling global warming, how financial and other aid was used by countries to gain political backing, and how the United States mounted a secret global diplomatic offensive to overwhelm opposition to the “Copenhagen Accord.”"

http://www.guardian.co.uk/environment/2010/dec/03/wikileaks-us-manipulated-climate-accord
http://www.guardian.co.uk/environment/2010/dec/03/us-basics-copenhagen-accord-tactics

It wasn’t China’s fault, (or only China’s fault) as Mark Lynas and many other commentators have asserted :-

http://www.guardian.co.uk/environment/2009/dec/22/copenhagen-climate-change-mark-lynas

If, as reports state, the United States are continuing to use any leverage they can to push countries to accept the doomed Copenhagen Accord, there can be no progress on Climate Change.

We may have just found the real Climategate.

You cannot buy or sell the atmosphere.

There is only one solution – that is to displace High Carbon Energy with Low Carbon Energy and that means goodbye to Tar Sands, Shale Oil, Tight Gas, deepwater Petroleum, dirty Petroleum, Coal, Coal-to-Liquids, anything that you can dig out of the ground and burn.

We have to stop mining for energy.

And that has serious implications for a number of international energy corporations and state energy enterprises.

Unless this basic issue is addressed, we are all heading for hell and high water.

The Climate Change talks have been window dressing for unworkable hypothetical macroeconomic policies, and continue to reduce chair people to tears :-

What We Have Here Is A Failure To Regulate

Video Credit : Gasland the Movie

The ever-vigilant and fair Rowena Mason at the Daily Telegraph dives deep into the Shale Gas (Gas Shale) story with a piece featuring a trailer for the new Gasland film :-

http://blogs.telegraph.co.uk/finance/rowenamason/100006602/shale-gas-pollution-fears-leave-americans-with-another-energy-headache/

“Shale gas pollution fears leave Americans with another energy headache : By Rowena Mason Energy Last updated: June 23rd, 2010 : Still politically scorched from BP’s giant Gulf of Mexico spill, it couldn’t be a worse time for America’s oil giants to find themselves roasting in another environmental firestorm. But new flames of controversy are on the horizon – in fact, literally emanating from the drinking water of US citizens living near so-called “shale gas” fields. A controversial documentary, Gaslands, which was aired on television channel HBO this week, shows one Colorado homeowner bending over his tap, holding a lighter with outstretched arm and igniting his chemical-laden water…”

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Extreme Science

http://www.youtube.com/user/ClimateHitsHome

I invite you to open your mind to the possibility that the “Global Climate Change Impacts in the United States Report” is not based on political ideology but fairly conservative projections :-

http://www.globalchange.gov/publications/reports/scientific-assessments/us-impacts

Sterner Stuff : Climate Change in the First World

I’m starting to read Nicholas Stern’s new book “A Blueprint for a Safer Planet : How to Manage Climate Change and Create a New Era of Progress and Prosperity.” No hint of megalomania, grandstanding or grandiosity, there, then.
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