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The material on this site has been assembled for three reasons:

1. To counter the junk science and mass media hype (scaremongering is good for business) that feeds the hysteria.

2. Because I was asked to assemble it.

3. So that YOU won't be as great a menace to the world's poor as those pursuing environmentalism's morally bankrupt agenda. 

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« Another Top Scientist Rejects Climate Change Alarmism | Main | So what does the Royal Society know? »
Wednesday
09May

More on Carbon Credit Rip-offs

kyotocard.jpgThe rush to go green suggests easy money for investors in projects that reduce carbon dioxide output. The reality is otherwise: Many carbon projects turn out to be high risk.

Project failures and over-optimism among developers, together with a tendency to exaggerate in applications, mean that 40% to 50% of the carbon credits anticipated under the Kyoto protocol will never be delivered, carbon traders and analysts say. Tom Frost, carbon analyst at Numis Securities, said: "I would expect that about half of the credits would not come through in the end."

Source: Fiona Harvey and Jonathan Wheatley, London Financial Times, 7 May 2007

"Power generators are Europe's biggest carbon emitters, but analysts say they will make annual profits from the [EU emissions] trading scheme well in excess of 5 billion euros (US$7 billion), assuming a steady carbon price of 20 euros where the price is now."

Source: Gerard Wynn, Reuters, 4 May 2007


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