Saturday, Dec 19, 2009

Uncertainty

Wall Street Journal: CO2 Pact Leaves Businesses Feeling Up in the Air

"It's very frustrating at this stage that we haven't got a more-comprehensive agreement," said Richard Gledhill, head of carbon markets at PricewaterhouseCoopers

Posted by devo @ 11:26 PM (3672 views)
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9 Comments

1. devo said...

I toyed with the title "Goldman Sachs displeased with lapdog Obama", but decided it would go over most people's heads.

No offence.

Saturday, December 19, 2009 11:32PM Report Comment
 

2. devo said...

"We were hoping that a deal in Copenhagen would open up new opportunities for emissions trading," said Patrick Birley, head of the European Climate Exchange, one of Europe's main carbon marketplaces.

Frustrated bubble-blowers all ready in their party frocks!

could be the script for HSM 4

Saturday, December 19, 2009 11:44PM Report Comment
 

3. devo said...

Carbon emissions from Downing Street rise by a third
Gordon Brown has been accused of hypocrisy after it emerged that carbon emissions from Downing Street had risen by a third in the last year.


By Rosa Prince, Political Correspondent
Published: 6:00AM GMT 16 Dec 2009

As the Prime Minister flew to Copenhagen to seek a deal with world leaders on cutting greenhouse gases, the Conservatives revealed that Government buildings were failing energy efficiency targets.

As a whole, the Governmental Estate was rated amongst the least energy efficient buildings in the country

http://www.telegraph.co.uk/news/newstopics/politics/6819281/Carbon-emissions-from-Downing-Street-rise-by-a-third.html

Saturday, December 19, 2009 11:54PM Report Comment
 

4. devo said...

GORDON Brown was yesterday accused of signing a £500billion death warrant for Britain’s economy in his desperate quest for a climate change deal.

The Prime Minister has offered a dramatic 42 per cent cut to 1990 levels of carbon dioxide emissions by the year 2020.

His pledge – the biggest reduction proposed by any western industrialised nation – was made despite a continuing debate about whether mankind is to blame for climate change.

Ignoring the dire state of the country’s finances and record Government borrowing figures announced yesterday, Mr Brown has already pledged to hand over £7.5billion to an international fund to help poorer countries cope with climate change.

He made the 42 per cent offer in a bid to give the flagging talks in Copenhagen a fresh impetus with world leaders, including US President Barack Obama, trying to find a face-saving formula on the last day.

If he succeeds, he will be able to claim that he saved the planet much as he boasted of having “saved the world” over the banking crisis.

But the TaxPayers’ Alliance warned that achieving the target would require the economy to be slashed by 30 per cent from expected levels.

It argues that without a technological miracle in the next 10 years, the only way to achieve the cuts is to shrink the economy.

It says existing technology – such as new nuclear plants – will not be ready by 2020 and there is not enough time to develop new ones sufficiently to have an impact by then.

The Alliance’s research director Matthew Sinclair said: “It is absolutely incredible that Gordon Brown is still pledging ever more extreme and expensive cuts on Britain’s behalf.

“The Government are relying on rapid economic growth to help restore the public finances to health, but meeting such an ambitious target could require a recession of unprecedented ferocity.

“Governments shouldn’t sign up to targets unless they have a plan to meet them. They definitely shouldn’t sign a death warrant for the British economy.”

He added: “You will not be able to maintain any substantial manufacturing industry. There will be a huge increase in energy costs, pushing the average family to the brink.

“The 42 per cent target would also require big reductions in driving.”

Mr Brown’s offer is 10 times as deep as the cut promised by President Obama for America, which produces about 25 per cent of the world’s man-made carbon dioxide with just four per cent of the population.

The cuts are likely to require controversial measures such as more wind turbines, road pricing and green taxes.

A Treasury spokesman yesterday defended Mr Brown’s offer, saying: “We believe there are considerable economic advantages in investing in green technologies and being at the forefront of them.”

Daily Express readers showed their distrust of Mr Brown’s sweeping plans this week, with an overwhelming 98 per cent of those taking part in a phone vote agreeing that the nation was being conned over global warming.

http://www.dailyexpress.co.uk/posts/view/146922

Saturday, December 19, 2009 11:59PM Report Comment
 

5. markj69 str05 said...

'The Prime Minister has offered a dramatic 42 per cent cut to 1990 levels of carbon dioxide emissions by the year 2020.'

Maybe he predicts we'll have no industries left by then!!! And no-one will be able to buy fuel t run their cars, or afford to fly anywhere (If there are any airlines left).
We could be vry green indeed!!!

Sunday, December 20, 2009 12:24AM Report Comment
 

6. devo said...

The Prime Minister has offered a dramatic 42 per cent cut to 1990 levels of carbon dioxide emissions by the year 2020.'

What's your margin of error, Gordon?

Will 41% meet your success criteria?

Sunday, December 20, 2009 12:31AM Report Comment
 

7. alan said...

I'm surprised Gordo hasn't offered even more...anything to get a temporary uplift in the opinion polls. To appear to have the moral high ground.

Look out for more amazing freebies ahead of the election. House Price rises, more binge drinking, free turkeys - whatever you like! I can offer it to you as a bribe...just elect me!

Sunday, December 20, 2009 09:08AM Report Comment
 

8. crunchy said...

Thanks devo,

Why is it that whatever Brown touches one knows it's a fraud and a huge mistake? More devastating info has been posted here if anyone has missed it...............................

'Saturday, Dec 19, 2009 More political contrivance dressed up as science'

Sunday, December 20, 2009 11:54AM Report Comment
 

9. crunchy said...

http://www.youtube.com/watch?v=zls-Ux9sFdE

devo, have a great Christmas.

Sunday, December 20, 2009 12:11PM Report Comment
 

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