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All Solar, Et Al, In 12 Years?

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The really good thing about cap and trade is that,

They can hide economic slow downs behind it.

The move to create a so-called cap-and-trade system would be a substantial step by the world’s largest polluter to reduce emissions from major industries, including steel, cement, paper and electric power.

Right, slow growth from building and manufacturing is now attributable to cap and trade, so the new normal is that we can't boost the economy with building stuff, because that cement and steel are cap and trade polluters. That and if we build more stuff, we will be adding places to the electric grid, and that electric power is a cap and trade polluter.

The internet has removed the need for TONS and TONS of paper and mail, and record keeping books. Never any stories about that savings, so what's left for paper production? Toilet paper. Yes, no need to put running water into the homes of the 3rd world, because once you do they will need more toilet paper, and creation of toilet paper is a cap and trade pollutant. Also, the trees needed to create that toilet paper really don't grow in the 3rd world and is one of the reasons why those places don't have toilet paper already, so there will be no export of raw material (deciduous trees) to produce toilet paper.

Cap and trade will revitalize an old world tradition. Hand checking, before you shake the hand of someone else, because dyslexics don't know you eat with your right hand saving the left hand for cap and trade concessions.

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I'm sure if I tried I could find an endless string of critical/nonsensical articles slamming science, society, and motherhood. But I have better things to do. Sorry you don't.
 
Reform of EU emissions trading system likely to fail

The EU has declared the Emissions Trading System (ETS) to be its key tool for cutting industrial emissions. However, the price for CO2 allowances has been dropping for years, reaching a low point of 3€/tonne in 2013. As a result, the EU now seeks to “fix” the current ETS – albeit by neglecting its own legal principles.

The ETS works on the “cap and trade” principle, a market-based system that deliberately avoids the use of price regulation. A cap is set on the total amount of certain greenhouse gases that can be emitted by factories, power plants and other installations falling within the system. The cap is then reduced over time, so that total emissions fall.

Companies receive or buy emissions allowances, to cover their actual emissions (where such emissions exceed their designated cap).

Originally, the EU used a price of 30€/tonne for its calculations. However, due in particular to a significant surplus of allowances, the price still fluctuates above and below this figure by around 7€/tonne. Critics therefore say that the ETS has failed its mission, but the EU is forced to stick with it, having no other system to turn to.

The European Commission has thus proposed an instrument, which will stabilise the price of the C02 tonne, the so-called “market stability reserve”.

From 2021 onwards, a certain number of emissions allowances for auctioning shall be taken from the market in order to reduce the number of allowances in circulation.

Now, the environmental committee of the European Parliament has not only announced its support for the market stability reserve, but also proposed two relevant amendments.

First, the committee favours implementation by the end of 2018, rather than 2021. Second, it wishes to transfer certain allowances, which have already been set-aside (“back-loaded”) and should be released to the market in 2019/2020, directly to the market stability reserve.

Whilst the committee doubtless made such proposals with good intentions, the transfer of the “back-loaded” allowances to the market stability reserve before the end of the ongoing trading period (end of 2020) would conflict with EU law and principles.

First, if the already “back-loaded” allowances are not released to the market in the ongoing trading period, this is likely to conflict with the principle of legal certainty. Market participants will have developed legitimate expectations regarding their release in the last two years of the ongoing period.

Second, and of greater legal concern, is that the approach will also result in decreasing the ETS cap of the ongoing trading period and therefore increase the 20 percent CO2 emissions reduction target by 2020 – agreed by the European Council back in 2007.

The quantity of the “back-loaded” allowances equates to six per cent of the total allowances under the cap in the period 2013 to 2020. Therefore, the EU would be changing the reduction target through the backdoor, without any underlying political decision by the heads of the member states (European Council).

Third, the approach conflicts with the principle of proportionality. It is neither proven that the market stability reserve will actually eliminate the surplus and that the price will rise, nor does the assessment include potentially "less restrictive means", which might be sufficient to achieve the EU’s target of greater climate protection.

Likewise, there are significant concerns that the commission seeks to encroach on member states’ competencies.

As laid down in primary law, a special legislative procedure requiring unanimity in the Council must be used to pass EU measures that will affect member states’ energy mixes. However, the commission’s proposals ignore this requirement, as they suggest the use of the ordinary procedure whereby the Council can act by simple majority.

The committee of the permanent representatives of the governments (Coreper) will make its decision this week, on Wednesday (25 March). The Council, parliament and commission will then meet to develop a final text.

Hopefully, the EU institutions will heed these legal concerns before they vote for an instrument that clearly conflicts with established EU principles.

If not, the measure could be subject to legal action – in particular by member states, whose energy mixes or domestic industries would heavily be affected by the market stability reserve.

Rather than fixing the ETS, the proposed reform of the ETS may instead turn into a headache for the EU.

https://euobserver.com/opinion/128119

Too many carbon credits issued to keep jobs.

Steel firm Corus could get £90m 'pollution payoff' after closing plant and axing 1,700 jobs

Steel firm Corus could qualify for millions of pounds' worth of Government environmental credits for a plant it is closing with the loss of 1,700 jobs.

The Department of Energy and Climate Change yesterday confirmed that Corus's foreign owner, Indian steel giant Tata, was 'likely' to get its £90million allocation of carbon credits, including an allocation for the 150-year-old steel works in Redcar, Teeside, the mothballing of which was announced last week.

The decision prompted fears last night that Tata could profit from the closure by selling on the permits or using them at its other plants.

The credits allow firms to emit a certain level of pollution each year. Though issued for free, they can be sold to other firms. Over time the aim is to cut carbon emissions by issuing fewer credits.

Solicitor General Vera Baird, MP for Redcar, last night said it would be 'unacceptable' for Tata to profit from the credits.

She wrote to Tata last night demanding the credits be kept in reserve to encourage potential buyers for the plant.

http://www.dailymail.co.uk/news/art...on-payoff-closing-plant-axing-1-700-jobs.html

Manufacturers warn carbon costs will force them out of Europe

UK manufacturers will today warn that without reform to EU carbon regulations the sector may be forced out of Europe along with other large energy users.

Industry body EEF will say that calls for tougher carbon targets for the 12,000 installations covered by the EU emissions trading scheme (EU ETS) may deliver more investment into low carbon technologies like renewable energy, but they will also reduce production in sectors such as steel and cement, driving investment and emissions abroad in a process commonly known as "carbon leakage".

The EU is aware of the risk of "carbon leakage" and has produced a list of 175 energy intensive industries (EIIs) that could be "protected" from the costs associated with climate change policies, adding 11 new sectors to the 164 already protected.

"Reducing our carbon emissions through to 2030 is going to be an enormous challenge with the targets currently on the table representing a tripling of effort from 2020 onwards," said Gareth Stace, head of climate and environment policy at EEF. "We cannot hit those targets without support for energy intensive industries and reforms must ensure we retain these in Europe."

http://www.businessgreen.com/bg/ana...rn-carbon-costs-will-force-them-out-of-europe

If businesses move operations overseas because of taxes, why would they not move also for cap and trade which is a tax?
 
Defective EU carbon trading scheme is adding billions to UK energy costs

YOU MAY never have heard of it, but a European scheme, designed to achieve carbon emissions targets that have already been met, is adding billions to consumer energy bills. This year and every year until 2020, the UK government will auction hundreds of millions of carbon credits – called European Union Allowances (EUAs) – into the market for use by power companies. At current prices of around €5 per credit, this should net the Treasury about €1bn (£845m) a year.

The EUAs are the main “currency” of the European Union Emissions Trading System (EU ETS), borne out of the 1997 Kyoto Protocol, and designed to help us monitor and reduce our carbon emissions to hit various targets.

Kyoto converted CO2 into a currency, and allowed countries to buy and sell this new currency to meet emission targets set to a base year of 1990. The theory was that, if a country reduced its carbon emissions, it could sell its surplus allowances to another country increasing its emissions. The system put an almighty cap on the total number of allowances provided, and let the world head towards its goal. So far, so good.

But in order to hit its overall EU target of a 8 per cent reduction in emissions by 2012, the European Commission placed the onus on individual installations – over 11,000 plants with combustive levels of 25 MW/h or greater. Crudely speaking, plants were split into two sectors: power and industrial (incorporating steel, cement, pulp, ceramics and so on).

From 2008 to 2012, when the ETS really got underway, the power companies were given a free allocation of credits, representing about half of what they needed. The industrial sector, meanwhile, was given its full allocation for free. The system was designed to encourage power companies to seek emissions savings, or to buy extra credits from the industrial sector. The reality, however, has been different.

The rational power company sold its credits into the open market, and bought back what it needed through its hedging process. The whole cost was passed onto the consumer, and energy firms kept windfall profits from the sale of their credits. Further, at closer inspection, the full allocation of emissions credits to the industrial sector began to look suspiciously like subsidies. Perhaps the EU feared that steel mills, for example, would relocate to China and India if millions of credits – worth billions of dollars – were not freely gifted.

Now here comes the real scandal (if it wasn’t enough to create a system which has been vulnerable to VAT fraud, which has potentially allowed for billions to be siphoned off to pay for “projects” with questionable sustainability credentials, and which offered effort-free profits to power companies and industrials at the cost of the energy consumer).

We have hit our Kyoto targets, and are well on the way to meeting new EU-imposed targets for 2020. Yet the system is not being switched off. The effects of a European recession, the impact of the Large Combustive Plant Directive, the Energy Efficiency Directive, and the massive growth in wind and solar, have meant that we have shot through all our emissions targets. Nevertheless, the system persists.

Lower than expected emission levels have led to a lower carbon price (down from a peak of over €30 to €5 now). And even though the system could be seen to have been a success, the European Commission decided that it wanted a higher price. It never gave a coherent reason for why higher carbon – and therefore higher power prices – in a recession would be a good idea. Nevertheless, it decided to temporarily remove 800m carbon credits (enough for the UK’s needs for four years) to boost prices. Why? It quickly becomes apparent that the EU ETS has nothing to do with curbing climate change. It is about revenue generation for member states.

At the start of 2013, the system shifted to a full auction of carbon credits to the power sector. If the UK Department for Energy and Climate Change (DECC) sells at current market prices, it should expect to receive about €5 per metric tonne of emissions rights, raising about €1bn per year for the government until 2020.

It gets worse (and more complicated). Under the terms of Britain’s home-grown Carbon Floor Price (at £15.70 a tonne), power companies will have to surrender back to the DECC the same credits they bought for €5 plus another €13 or so, taking an extra €2.5bn out of the pockets of energy customers. Given that this is new money (credits are not “backed” by anything), it will ramp inflation.

Loading the cost of carbon onto consumers may make sense. But there is a final twist to this sorry saga. There is no obligation for the government to use any of this revenue for “green purposes”.

Iain McKie was a carbon credits trader between 2006 and 2013, and is now a Ukip parliamentary candidate for the 2015 elections.

http://www.cityam.com/article/13823...rading-scheme-adding-billions-uk-energy-costs

It is all about the money and nothing to do with saving the planet from global warming. People sure are stupid.
 
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Volkswagen has been found cheating on US emissions tests

It's an inconvenient truth, but the global warming zealots are to blame for the deadly diesel fiasco

Amid all the reporting of Volkswagen’s rigging of emission tests on its diesel cars, one inconvenient truth has been overlooked by the BBC and many media organisations. It is that we very largely owe the prevalence of these death-traps to the pernicious tyranny of the Green lobby.

That they are death traps can scarcely be denied. They spew out vastly more nitrogen oxide and nitrogen dioxide than petrol cars, both of which gases are potentially damaging, and 22 times more particulates — the minute particles that penetrate lungs, brains and hearts.

According to Martin Williams, professor of air quality research at King’s College London, diesel cars account for roughly 5,800 premature deaths a year in the UK alone. Other experts put the figure even higher.

Diesels are also mostly responsible for alarming increases in air pollution in our major cities, a particularly serious worry for the hundreds of thousands of people who suffer from asthma.

In a well-ordered society, you might expect the government to have discouraged the proliferation of diesel vehicles. In fact, egged on or bullied by the Greens and climate-change zealots, politicians over the past 20 years have been doing the precise opposite. It seems hard to believe, I know, but it’s true.

Twenty years ago, diesel cars constituted a tiny minority. But following the signing of the Kyoto Protocol in 1997, most Western countries, including Britain, were legally obliged to reduce carbon dioxide emissions — alleged by some to cause climate change — by 8 per cent over the following 15 years.

Diesel cars produce slightly less — but only slightly — carbon dioxide than petrol ones. In 2001 the Labour government introduced a new tax regime whereby cars were taxed according to how much carbon dioxide they produce, a development that enormously favoured diesel over petrol. (Duty at the pump has been the same for petrol and diesel since 2000.)

Gordon Brown, then Chancellor, also introduced tax incentives to encourage company car buyers to plump for diesels. Across the EU, car manufacturers were encouraged to develop diesel models.

As a consequence, about half of new cars in Britain are now diesels. In some European countries such as France and Italy, where there have been similar inducements, the proportion is even higher.

When recently buying a new car, I was attracted to a diesel partly because its annual tax was only £40, in comparison to £150 for the petrol version, otherwise identical. Happily, my wife, who had read about the polluting effects of diesels, overruled me. Even I had been almost gulled by Green lobbyists and the blandishments of politicians into doing something that I would have regretted.

You may say ministers didn’t realise that diesels discharge dangerous emissions — but you would be wrong. A 1993 report published by the Department of the Environment was fully aware of the potentially lethal effects of diesel cars.

A senior civil servant, who worked for the Department of Transport at the time, is quoted in yesterday’s Guardian newspaper as saying: ‘We did not sleepwalk into this. To be totally reductionist [ie, in the simplest terms], you are talking about killing people today rather than saving lives tomorrow.’ (added - and saving the planet from global warming: less humans = less CO2)

In other words, if this mandarin is to be believed, it was thought preferable in Whitehall to accept the inevitable deaths of many thousands of people as a result of promoting diesels in return for the hoped-for long-term gain of saving an unknown number of lives at some time in the future as a consequence of reducing carbon dioxide emissions.

Isn’t this mad? And immoral? In the first place, Britain accounts for only 2 per cent of all global man-made carbon dioxide emissions, so a small reduction in that amount is hardly likely to avert the catastrophe which climate-change zealots believe is around the corner. And, in the second place, it’s by no means clear that any such Armageddon lies in store for mankind.

I am neither a climate-change zealot nor what is invidiously termed a ‘denier’. But the fact that there has been no recorded increase in global temperature over the past 17 years — a period during which carbon emissions have soared because of the rapid economic growth of countries such as China and India — suggests to me that we should treat the more hysterical claims of the Green lobby with caution.

But this is not an area of rational debate. If it were, politicians would not have given in to the bullying of the extremists who persuaded them to put the theoretical effects of climate change before the actual and proven damaging effects of pumping out nitrogen oxide and dioxide, and carcinogenic particulates.

It’s true, of course, that over the past decade or so car manufacturers have succeeded in reducing these nasty gases emitted by diesels, but they have not eliminated them. That is why Volkswagen found itself cooking the evidence, and trying to hoodwink the American authorities into believing that its cars discharge a lot less nitrogen oxide than they actually do.

Indeed, it is one of the ironies of this story that America — which, to the outrage of the climate-change lobby, did not ratify the Kyoto Protocol because of a certain scepticism about man-made climate change — is far sterner about vehicle pollution than any European country, including our own.

Haven’t they got it the right way round? A baby being pushed by her mother in a buggy, a cyclist and even an ordinary pedestrian walking along the pavement of a busy street are being exposed to unnecessary risks as a result of the completely foreseen dangers of diesel vehicles.

And if you are the blameless owner of a diesel car, which is liable to cause damage to other innocent people, you are justified in feeling that you have been misled by weak-minded politicians, who have, in turn, surrendered their good sense to a raucous and unreasoning mob.

This mob have got their priorities in a serious twist. Surely responsible environmentalists should have concentrated on the here and now, and opposed the explosion in the number of diesel cars. But many in the Green movement have their eyes fixed on a threat over the horizon which may or may not exist, and care far less about present dangers.

That is also why most of them champion exorbitant wind farms, which are lethal to birds and scar the countryside, and why they induce pliable politicians to replace coal-burning power stations with far less efficient wood-burning ones. Vast forests are felled, and huge quantities of wood transported halfway across the world at a considerable cost to the environment.

In their deafness to different points of view — in fact, in their rank intolerance of opposing voices — these people often remind me of religious fundamentalists. They shout down, or seek to censor, those who don’t agree with them.

The pity is that mainstream media such as the all-powerful BBC are themselves cowed and meekly quiescent, so that a highly intelligent and well-informed climate-change sceptic such as the former Tory Chancellor Nigel Lawson is virtually excluded from the airwaves.

Volkswagen has emerged from this story as a devious and untrustworthy conglomerate. But the biggest lesson of this debacle is that successive British governments have sacrificed the interests of ordinary citizens as they have caved in to the demands of a dangerous bunch of zealots.

http://www.dailymail.co.uk/columnis...adly-diesel-fiasco-writes-STEPHEN-GLOVER.html

Yep, the people have been lied to and duped by the global warming zealots and politicians that see money can be made from the green scam.
 
I think I saw somewhere that Europe was going after BMW for the same thing.

And check the golden parachute of the VW CEO. I'd cheat for that kind of money.
 
Text is funnier than the cartoon!!

But what difference does it make anyway as man has no impact on the environment?!
 
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