Our view:
Over the last 15 years the Climate Change forum has created a phantom called Carbon Credits, that today is no longer a paper fantasy. Governments around the world in the U.S., Australia and even China are considering legislation to enact Carbon Credits as a tradable commodity which may be the biggest setback to energy majors and consumers worldwide including the producers of renewable energy. The beneficiary of Carbon Trading will be none other than the Wall street biggies who will once again have a huge opportunity to hold the world to a ransom. Only the platform will shift from housing to energy, equally crucial for the survival of mankind.
Now let us examine what precisely could be the role of Carbon Trading in the future energy market’s of the world. The American Clean Energy and Security Act of 2009 proposed by the House Energy and Commerce committee drives headlong into the pursuit of reducing carbon by the expensive way. But will this save planet earth ?
Let me tell you a story for you to judge for yourself
• Imelda is a young model, anorexic and anaemic
• She smokes heavily, eats less and does workouts to keep herself trim
• One day she visits her Doctor with symptoms of nausea and giddiness
• Doctor tells her, she will soon be having a baby
• She also tells her to reduce smoking, as nicotine could affect the baby
• And of course she must eat more, for the baby needs nourishment
• Imelda comes home and breaks the news to her parents and fiancé Oscar
• They are all concerned and form a committee called “Imelda Pregnancy
Cherubic Childbirth” or IPCC
• The IPCC includes both her earning parents and the earning fiancé all of
whom smoke
• Together they decide that they must all reduce smoking in proportion to
consumption.
• They then work out a plan on who will cut down how many cigarettes a day
• They keep a 9 month timeframe to reduce their consumption of cigarettes to 5
per day
• They agree to meet on the 1st of each month to review the progress of
nicotine cut back
• They also decide, that whatever money they all save will go to the family
kitty
• The savings of the IPCC kitty will go to a nourishment fund for Imelda’s
cherubic child which is after all the main IPCC Objective.
• Imelda’s father who is an accountant in the Treasury draws out a “cap and
feed plan” for Imelda’s Cherubic Child
• Under this plan the savings under the nicotine cut back plan would go
directly to fund feed Imelda so that the cherubic baby can arrive.
• During the first review month Imelda’s mother said that though she smokes
the most, it was the parents who must bear the maximum cut-back as they
would be ultimately
• more in contact with the child.
• During the second review month Imelda’s fiancé declared he could not adhere
to the cut-back because of increased workload pressure due to the economic
downturn
. During the third review month Imelda’s father said that it was not fair that
all other’s should cut back smoking by 5 cigarettes each on smoking when
Imelda had cut only cut 3 cigarettes as per the proportional plan. So he
asked for a re-negotiation of the deal in which maximum responsibility is
taken by the child-bearing mother
• In the fourth month when Imelda visited the Doctor she was shocked to find
Imelda still underweight. Imelda told the Doc she had additional nutrition
of $ 82.7 cents saved by the family in three months as per the IPCC cap and
feed plan and told that the plan was to raise $ 920 by 9 months for the
cause.
• The Doctor blew his top.
• The IPCC is bullshitting young girl, and the baby will die before it is born.
• This is what he said.
• Climate Change needs positive solutions not cap and trade
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