Churning carbon credits...churn, churn churn!
I just won the Lottery and am going to send it all to Cantor Fitzgerald.
If this isn't Scrappleface, it should be. Does Scrappleface know people are beating his time? Is that fair?
Cantor Fitzgerald is still in business? Weren't all of them wiped out in the 9/11 WTC attack?
You'll like this:
"This trade is a clear indication of our confidence in the political will of European governments to continue to build on the success of the EU emissions trading scheme," said Morgan Stanley's Imtiaz Ahmad on Tuesday."
The EU trading scheme collapsed. The bubble predictably burst, and a week ago the EU reinflated it, so they hope, by imposing more carbon "caps" beyond what Kyoto called for.
Looks like they are betting on Congress to pass "cap and trade" scam. Bush will go along, all Norquist has to tell Rove to tell Bush is that it's a "market solution." That sounds conservative! /sarc
I'm waiting for the e-mail from Nigeria asking for my bank account numbers to help get money out of the country and save the rain forest.
Click pn POGW graphic for full GW rundown
Ping me if you find one I've missed.
Scam alert!
If they would trade these credits openly on the commodities market, they would quickly find their true value.
Any fellow freepers want to join me in my new venture? Inspired by Albore....... Let's set up a "carbon trading website" where liberal bozos can pay $100 a pop (or maybe varied amounts) for us to promise NOT to engage in certain carbon-emitting activities such as flying a private plane for a day. It doesn't matter if it's an activity we never do or wouldn't do at a particular time, as long as we can "say" that we refrained from said carbon-emitting activity the liberals can be happy that they have purchased an "indulgence" for their own sins and we can pocket the money. I'm perfectly willing to share the proceeds with some select fellow freepers. :^)
I can undersell Cantor Fitzgerald by significant margins.
Freepmail me and I will connect you with my PayPal.
Al Gore bobblehads for the first 200 buyers!!
So, if carbon trading is going to get huge, wouldn't that also neccessarily mean that the developed nations will have to purchase unused 'carbon credits' from under developed nations? And, wouldn't that also mean if would be in the best interest of heavy carbon users to make sure there are undeveloped, low carbon using nations?
Sounds rather Enron-ish to me.
What we need is someone to understand the idea of carbon sequestration in terms of units of pollutant exchange. That could mean polluter investment in fuel load reductions and thinning to create healthy forests. Couple that with investements in biomass utilization to produce clean electrictity or cellulose processes to create fuels. This would reduce the air pollution from wildfire, use healthy thinned forests to convert carbon and produce another renewable fuel source. The reductions could offset other industries that produce carbon.
Carbon credit trading rewards countries for not producing anything. The easiest and most basic transaction involves paying some 3rd world potentate for not developing his country, or buying up some swath of 3rd world forest and placing it off-limits to development even by the people who live there.
Traditional colonialism involved relatively advanced countries taking control of relatively primitive ones in order to develop them. This Goresian scheme is a most perverse kind of colonialism, in which 1st world men in suits take control of the 3rd world in order to prevent its development.
Don't laugh at this foolishness. One day the dems will try to make this into a law.
"I am very proud to have the opportunity to address the first development conference of the ITU because the President of the United States and I believe that an essential prerequisite to sustainable development, for all members of the human family, is the creation of this network of networks. To accomplish this purpose, legislators, regulators, and businesspeople must do this: build and operate a Global Information Infrastructure. This GII will circle the globe with information superhighways on which all people can travel.
These highways--or, more accurately, networks of distributed intelligence--will allow us to share information, to connect, and to communicate as a global community. From these connections we will derive robust and sustainable economic progress, strong democracies, better solutions to global and local environmental challenges, improved health care, and--ultimately--a greater sense of shared stewardship of our small planet."
Now, couldn't one say with reason substantial economic growth in regions not normally accustomed would increasingly strain world resources PLUS ADD additional tons of carbon to the atmosphere?
If I'm correct in my presumption, Al Gore could be blamed for the primitive villager's increased carbon output because Gore's GII enabled the villager's economy to expand faster than Earth's resources and man's technology could compensate.
So, Al, your "carbon credits" were used up by a villager in the remote regions of Wherever. It's no small wonder you're encircling the globe looking for lost credits...