The European Unions climate change policy is at the point of collapse, the carbon floor price has crashed through the floor to an all time low of €2.63 a metric ton, after MEPs voted against “backloading” the EU Emissions Trading Scheme (ETS).
The EU ETS has been in crisis for years, there was a huge €5bn VAT fraud, then the computer systems were hacked and down for weeks, the price of carbon globally has been in free fall and backloading was the last ditch attempt to save the ETS.
Backloading is essentially withholding from sale 900 million carbon permits in an attempt to drive up the price of carbon which continues to fall due to the economic problems and decline in manufacturing in the EU.
Commissar Connie described backloading as “no brainer”, ignoring the obvious irony of such a statement, Hedegaard had put her all her political clout behind backloading, the rejection by the EU Parliament is a decisive blow to Hedegaard and the Green Agenda she relentlessly pushes. Read the rest of this entry
2012 was going to be a good year for unelected EU Climate Commissar Connie Hedegaard, January 1st saw the imposition of the EU’s Green tax on flying, in June Rio+20 held the promise of reigniting the climate superstition and fear of 20 years earlier and Hedegaard was pushing all out for the complete de-industrialisation of Europe with a bigger 30% emissions cutting target.
In June Rio+20 failed to achieve anything, despite the prolific use of the sustainable development meme, 20 years of failed environmental Armageddon events and Green politically correct science saw the much hyped Earth Summit fail.
In response Comrade Connie along with the sheep of the tabloid warming alarmist movement embraced event attribution, despite the very climate scientists and organisations so often quoted by the Greens, warning against attributing weather events to Anthropogenic Global Warming.
Now as a global trade war with the bankrupt European Union vs the rest of the world has loomed large, the Green rollback in europe gathers pace as the EU suspends its Green flying tax for 12 months: Read the rest of this entry
The Left have always attached noble and lofty adjectives to their political aims, taking the moral high ground, leading by example are popular chants from the comrades of socialism, environmentalism and the easily manipulated eco sheep of the Occupy movement.
All the talk of moral high ground and leading way to a brave new Green world are just smokescreens to force the environmental legislation through at any price, with the secondary vain hope that there might be other ecomentalist simpletons in power elsewhere who also want to de-industrialise their societies, commit economic suicide and embrace the misery and drudge of the Green Agrarian Society.
All in all, it sounds like political suicide, well it would be if the EU Commissars concerned were elected, but as usual with the EU democracy is not in the loop, so the unelected and unanswerable climate zealots will continue with their Green agenda, that the rest of the world does not want any part of.
So much for leading by example, instead the largely bankrupt EU is on a collision course for a Global Trade War with the rest of the world: Read the rest of this entry
The European Union is fast approaching the point of no return, the Euro zone is in economic meltdown as the debt ridden economies of Greece, Italy, Portugal and Spain threaten to wipe out the Euro, and global confidence in the currency continues to decline.
With the EU teetering on the brink of a recession the last thing the EU needs is a trade war with the rest of the world, which is exactly what is likely to happen over the EU tax on flying that is due to start on January 1st 2012.
The Green flying tax is part of the EU Emissions Trading Scheme which has seen the price of carbon fall to an all time low of 6.4 Euros per tonne: Read the rest of this entry