tagged w/ carbon trading
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Based on a public event organized by the geography student association at Universite du Quebec a Montreal (UQAM).
By Denis G. Rancourt
In all of human history, what was believed and promoted by the majority of service intellectuals (high priests) in each civilization was only created and maintained to support the hierarchy and the place of the high priests within the hierarchy. To believe that the present is any different regarding any issue managed by our “experts”, whether in medicine, psychology, cosmology, economics, law and governance, population health or ecology, is pure distilled idiocy.
Never mind that the whole climate change scam is now driven by the top-level financiers newly eyeing a multi-trillion-dollar paper economy of carbon trading and that this is the reason it’s now a dominant mainstream media and corporate messaging presence [1].
Never mind that this paper economy of carbon trading will be the largest financial extortion enterprise since the invention of the US-centered military-backed global finance structure of predation itself.
Never mind that establishment scientists are service intellectuals who virtually never diverge from supporting power, who at best look for sanitized and hypothetical “problems” that do not threaten hierarchy and who feed their false self-image of relevance [2][3].
Never mind also the pathetic recent historical record of science with regard to identifying or solving public health and environmental problems [4][5][6].
Never mind all that. Take the red pill by considering the climate “science” fairy tale itself and examine its story elements.
Here goes, in five story-element steps.Based on a public event organized by the geography student association at Universite... more
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California has approved an extensive carbon-trading plan aimed at cutting greenhouse emissions.State regulators passed a "cap-and-trade" framework to let companies buy and sell permits, giving them an incentive to emit fewer gases.California has approved an extensive carbon-trading plan aimed at cutting greenhouse... more
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Carbon Could Be No. 1 Commodity: Exchange Chief
Published: Monday, 26 Apr 2010 | 12:49 PM ET Text Size
By: Natalie Erlich
Carbon trading is set to become the world's largest commodity market, Richard Sandor, chairman and founder of the Chicago Climate Exchange, told CNBC.com.
“Carbon, when it becomes worldwide, will be unambiguously the largest commodity in the world,” Sandor said in an interview. “The world emits 35 billion tons; it’s priced at $20; that’s $700 billion. Put a 10-20 multiple like you do on futures, [and] you’re talking about $10 trillion at maturity.”
Sandor, who was a major player in the formation of the interest-rate futures market, created the Chicago Climate Exchange [CCX] as a market-based solution to global warming. Time Magazine named him “Hero of the Planet” in 2002, and the “father of carbon trading” in 2007.
“In ’89-’90 someone came to me and said, ‘you commoditize interest rates, do you think you can commoditize air?’” he said. “You could cap the emissions that any utility has, and if they go below that cap, they can sell their emissions, their rights to emit— and if you can go above it, you can buy someone else’s. So it drives compliance.”Carbon Could Be No. 1 Commodity: Exchange Chief
Published: Monday, 26 Apr 2010 |... more
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Carbon Trading is gradually taking hold around the world. Should America join in? If the answer was yes, why did Richard Sandor sell Climate Exchange Plc to ICE?Carbon Trading is gradually taking hold around the world. Should America join in? If... more
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In January of this year, the Environmental Protection Agency (EPA) and Security and Exchange Commission (SEC) implemented unprecedented new reporting that mandate thousands of companies—many for the first time—track and report their carbon emissions for 2010. Companies have quickly realized that auditable GHG data tracking and management will quickly move from a “nice-to-have” to a mandatory component of financial reporting.
Because of the financial implications of carbon going on the balance sheet, organizations must be able to verify CO2 emissions, not just loosely estimate them with “spreadsheet” data collection. The snowball effect of GHG emissions included in financial reporting is a heightened risk for inaccurate data, but also a call-to-action for companies to reduce carbon emissions to meet EPA and SEC regulations.
A key issue for CFOs is that GHG data reports will be scrupulously audited, and any missteps could lead to discrepancies in company financial statements, enforcement action by the SEC and class action lawsuits from investors misinformed about the cost and risk of GHG. Given this increased risk, investors, regulators and juries will view reporting criteria on the same level as other financial metrics that determine the value a company.
Furthermore, if a cap-and-trade or carbon tax system is ever implemented in the US, as already in place in most other industrialized nations, there will instantly be a scramble for companies to reduce carbon emissions—a positive environmental outcome. For companies that must purchase carbon allowances to conduct “business as usual,” this new carbon-related cost could prove a costly mess if not properly analyzed, measured, accounted for and financed.
More at link...In January of this year, the Environmental Protection Agency (EPA) and Security and... more
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A distinguished panel of independent scientists has given a resounding vote of confidence in the credibility and integrity of the key studies into climate change that have emerged over the past 20 years from the embattled Climatic Research Unit, or CRU, at the University of East Anglia.A distinguished panel of independent scientists has given a resounding vote of... more
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Military chiefs are holding discussions on how to cope with the threat of a world ravaged by wars provoked by uncontrolled climate change.Military chiefs are holding discussions on how to cope with the threat of a world... more
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Scientists are saying lower levels of oxygen in the Earth's oceans, particularly off the United States' Pacific Northwest coast, could be another sign of fundamental changes linked to global climate change. They warn that the oceans' complex undersea ecosystems and fragile food chains could be disrupted.Scientists are saying lower levels of oxygen in the Earth's oceans, particularly... more
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UNITED NATIONS - Millions of people around the world who belong to indigenous communities continue to face discrimination and abuse at the hands of authorities and private business concerns, says a new U.N. report released here Thursday.
Environmental activists perform on the eve of Earth Day in Makassar, Indonesia's South Sulawesi province, in this April 21, 2008 file photo. (REUTERS/Yusuf Ahmad/Files) It is happening not only in the developing parts of the world but also in countries such as the United States, Canada, Australia and New Zealand, which champion the causes of human rights and democracy, the report says.
Despite all the "positive developments" in international human rights setting in recent years, the study's findings suggest that indigenous peoples remain vulnerable to state-sponsored violence and brutality, which is often aimed at confiscating their lands.
"Governments and the United Nations need to be serious about this," said Victoria Tauli-Corpus, chairperson of the U.N. Permanent Forum on Indigenous Issues, an advisory body that works with the 54-member Economic and Social Council, after launching the report.
The 222 page-report, entitled "State of the World's Indigenous Peoples", points out that an overwhelming majority of the indigenous population is condemned to live in extreme poverty. Its authors noted that while indigenous peoples are around five percent of the world's population, they comprise 15 percent of people living in extreme poverty.
The first-ever comprehensive report on indigenous peoples' rights comes as the U.N. is reviewing progress toward achieving the Millennium Development Goals (MDGs), globally agreed targets to reduce, poverty, disease and indienvironmental destruction, among other issues, by the year 2015.
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Recent negotiations on climate change have suggested that deforestation in indigenous lands could be tackled by means of carbon trading. Many indigenous peoples see that as a tool of corruption and a threat to their cultural survival.
"Carbon trading and carbon offsets are a crime against humanity and Creation," said Tom Goldtooth, executive director of the Indigenous Environmental Network. "The sky is sacred."
"This carbon market insanity privatizes the air and sells it to climate criminals like Shell so they can continue to pollute and destroy the climate and our future, rather than reducing their emissions at source," he added in a statement.
Considering the fact that much of the world's forests are located in indigenous peoples' lands, Goldtooth fears that carbon trading would pave the way for more "land grabs, killings, evictions and forced displacement" of native communities.
http://www.commondreams.org/headline/2010/01/15UNITED NATIONS - Millions of people around the world who belong to indigenous... more
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A research team funded by the British government has found that global warming has caused a seven-fold increase in cases of malaria on the slopes of Mount Kenya.A research team funded by the British government has found that global warming has... more
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The UN Copenhagen climate talks were in disarray after developing countries reacted furiously to leaked documents that showed world leaders would be asked to sign an agreement that hands more power to rich countries and sidelines the UN's role in all future climate change negotiations.The UN Copenhagen climate talks were in disarray after developing countries reacted... more
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The scientist who convinced the world to take notice of the looming danger of global warming says it would be better for the planet and for future generations if the Copenhagen climate change summit ended in collapse.The scientist who convinced the world to take notice of the looming danger of global... more
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First, there was ClimateGate - the scandal with hacked emails suggesting scientists have abused data for research on global warming. Now, another international climate scandal is emerging that may have an impact on the talks in Copenhagen.First, there was ClimateGate - the scandal with hacked emails suggesting scientists... more
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Four protesters were arrested after locking themselves to a 1.5 million pound generator on its way to a Duke Energy coal plant in Rutherford County, North Carolina. The protesters were aiming to prevent the generator, which had been traveling on a flatbed trailer from reaching the coal plant.Four protesters were arrested after locking themselves to a 1.5 million pound... more
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Three leading scientists who have just released a report documenting the accelerating pace of climate change say the so-called scandal that has erupted over hacked emails from climate scientists is nothing more than a smear campaign aimed at sabotaging climate talks in Copenhagen in December.Three leading scientists who have just released a report documenting the accelerating... more
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A new study has come out which has found that humanity would need the equivalent of five planet Earths to produce the resources needed if everyone consumed as much as Americans.A new study has come out which has found that humanity would need the equivalent of... more
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Leading scientists said this week that the world is now firmly on course for the worst-case scenario in terms of climate change, with average global temperatures rising by up to 6°C by the end of the century. Such a rise would have cataclysmic and irreversible consequences for the Earth, making large parts of the planet uninhabitable and threatening the basis of human civilization itself.Leading scientists said this week that the world is now firmly on course for the... more
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The snows of Mount Kilimanjaro will be gone within two decades, according to scientists who say that the rapid melting of its glacier cap over the past century provides dramatic physical evidence of global climate change.The snows of Mount Kilimanjaro will be gone within two decades, according to... more
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The Climate Camp arrived at the European Climate Exchange at 12:30 sharp on April 1st. This busy street in the middle of the financial district was buzzing with its normal activity when over 1,000 of us swooped into the city block, sat down on the road, and then quickly popped up our tents simultaneously. Shortly there after came out bunting, kitchens, compost toilets, instruments, and little sound systems – all delivered by bicycles. We did it what we said we would do (again) although people had told us it was impossible. The sun was shinning and we started a busy day of activity at Climate Camp in the City.
The camp was a means to demonstrate our extreme frustration with the failure of our government, and the rest of the G20 governments to address the real cause of climate change – our economic system. This system is dependent on infinite growth, on the production and consumption of more and more stuff, forever and ever. As seductive as this economic model might be for those in a position of privilege, this system is unsustainable in the long term. We cannot have infinite growth while reliant on a planet with finite resources. This economic model is unsustainable and being unsustainable means that it will eventually collapse; and while financial collapse is painful, ecological collapse is terminal.
And so the stakes could not be higher for activists setting up camp today at the European Climate Exchange, one of the global epicenters for ‘emissions trading’. Climate change is just one indicator of the multiple geo-physical limits that we are now hitting. These limits are creating multiple ecological crises. And so while there was poetry and music at the camp, there was also a full day’s worth of workshops on everything from ‘Trading our way into Trouble’ on carbon trading, to ‘Techno fixes’ on the problems associated with some new ‘green’ technologies, to the history of direct action and social change in the UK and beyond.
Around late afternoon word got around that the Royal Bank of Scotland’s windows had been smashed and there was trouble on nearby streets. Climate Camp had our own way of expressing our disgust with the inexcusable actions perpetrated by the Royal Bank of Scotland, with a credit card flier with chief executive of RBS Fred Goodwin’s name on it. When some of the so-called ‘black block’ spilled over to our camp, the police used a tactic of ‘kettling’ the camp to keep us all from leaving the block we occupied. No one could leave the camp at all for several hours until just after eleven. About 1am police moved in on the camp and removed the 400 or so campers who had been determined to spend the night. We may not have been able to stay the full 24 hours, and but we are pleased to say that we made space for debate on the most important threat to life on this planet - climate change and the fact that carbon trading is not an effective solution.The Climate Camp arrived at the European Climate Exchange at 12:30 sharp on April 1st.... more
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