Friday, December 25, 2009

Copenhagen Accord Keeps Big Carbon in Business

The Copenhagen Summint achieved its main aim, to maintain the carbon-trading system established by the Kyoto Protocol, says Christopher Booker

As fairy-tale snow gently descended on Copenhagen, the great global warming conference degenerated through pantomime, boredom, chaos and anger to its entirely predictable conclusion – a colossal pile of fudge with a very hard and nasty rock hidden at its centre.

The "world summit" on climate change was never really going to be about saving the world from global warming at all. Even if the delegates had got all they wanted, it would no more have had any influence on emissions of CO2 – let alone on the world's climate – than the 1997 Kyoto Protocol before it.

As was argued in 1997 by Tom Wigley, one of Al Gore's trusted allies and formerly head of the East Anglia Climatic Research Unit, or CRU (recently at the centre of the Climategate scandal over rigged temperature data), even if the world had implemented Kyoto to the full, it would only have delayed global warming by six years.

Copenhagen was not about global warming but money. The cash that Hillary Clinton so dramatically plonked on the table, rising to $100 billion by 2020, which includes the £1.5 billion offered by Gordon Brown (money which of course he hasn't got) and which like a crazed gambler he last week upped to £6 billion (even more money he hasn't got), was merely a "sweetener" to persuade the developing countries to maintain the money-machine set in motion by Kyoto.

This is the new global industry based on buying and selling the right to emit CO2, estimated soon to be worth trillions of dollars a year, which through schemes such as the UN's Clean Development Mechanism and the EU's Emissions Trading System is making a small minority of people, including Al Gore, extremely rich.

The part played at Copenhagen by all the tree-huggers, abetted by the BBC and their media allies, was to keep hysteria over warming at fever pitch while the politicians haggled over the real prize, to keep the Kyoto system in place.

The only tree they were concerned with hugging was the money tree and all the vast political apparatus that now supports it, allowing governments to tax and regulate us into handing over ever more of our money, largely without realising it, every time we drive a car, fly in a plane, pay our electricity bill or carry out any of a vast range of activities that involve the emission of CO2.

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