From The Evening Standard:
As world leaders gathered for the long-awaited UN talks, the US Environmental Protection Agency was set to declare carbon dioxide was now officially a “public danger” — a move that will allow the President to bypass Congress and slash greenhouse gases.
From The Telegraph:
... passengers flying to and from Europe will pay an extra €23bn (£21bn) to €35bn on the price of their tickets between 2012 and 2020 based on an estimated carbon unit price of €25, [The Carbon Trust's] new report will say next week.
This would compensate the aviation companies for the amount of permits they will have to buy if the heavy emitters do not switch to greener fuels. However, the sector is given 82pc of its permits for free - and could see huge windfall profits if it adds the value of these free allowances on to ticket prices...
NB, The Carbon Trust is a quango, which begs the question, why is one arm of the government handing out these permits for free and another arm of the government explaining pointing out that they'll not achieve their intended purpose? Perhaps the EU dreamed this up ...
... ah, here we go. From The Times:
LAKSHMI MITTAL, Britain’s richest man, stands to benefit from a £1 billion windfall from a European scheme to curb global warming... The scheme grants companies permits to emit CO2 up to a specified “cap”. Beyond this they must buy extra permits. An investigation has revealed that ArcelorMittal has been given far more carbon permits than it needs. It has the largest allocation of any organisation in Europe.
The investigation has also shown that ArcelorMittal and Eurofer, which represents European steel makers at European level, have lobbied intensively in Brussels. This has included threatening to move plants out of Europe at a cost of 90,000 jobs, and asking European commissioners to meet Mittal...
Unfinished business
2 hours ago
3 comments:
Just as the US EPA declared SHS harmful, which was then proven to be based on faulty junk science as per the US courts, but hastily ignored and smoking-bans encouraged in the US, the US EPA in this morning's headlines has come out to declare that CO2 is harmful and killing many people - and of course must be controlled, banned, limited, licensed and/or removed from the atmosphere. As with the EPA's endorsement against SHS ending in bans nationally and then internationally, I would expect today's EPA endorsement of CO2 as poisonous gas enough to provide the turning point against which no further political arguments will be listened to - and on to Copenhagen for US President Obama with the EPA firmly behind him. That will turn the US Senate's ClimateGate investigations into a mere criminal probe to determine if any hacking or privacy laws were broken, thus ignoring the results of what was found entirely - the ballgame thus changed back into favor of carbon trading credits and world government through the Copenhagen Treaty.
Anonymous. I read on an American blog that the EPA intervention could lead to the whole manmadeglobalwarming scam going through the courts which would a) take years and b) expose all elements of it to detailed scrutiny.
MW, Who gets the €35bn and what do they do with it ? I have yet to see proof of carbon offset forests being grown anywhere.
B, as Anon points out, the EPA got away with their second hand smoke lies, so it's fair to assume that they'll get away with CO2 lies. In Europe we've got the same crap with e.g. "White Asbestos is a killer" lies. Once something is officially "harmful" then that's it. See also cannabis etc.
The €35 bn goes to whomever was given the carbon permits on Day One.
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