With one week left before the Cancun circus begins (UN/ IPCC Climate Conference from 29th November to 10th December), the mainstream media hype has begun.
Global CO2 expected to rise to record levels screams the Daily Telegraph. Carbon dioxide (CO2) emissions are expected to reach record levels this year, according to a new study, despite the recession and global efforts to reduce greenhouse gases – but what that has to do with climate is uncertain. No doubt it has a great deal to do with pricing of the Carbon Trading market. As The Telegraph points out (inadvertently perhaps) this is just hype timed to come just before the UN jamboree.
The results of the study by the Global Carbon Project will be used to put pressure on environment ministers meeting in Cancun, Mexico this month for the latest UN meeting to come to a global agreement on cutting emissions.
The Cancun meeting itself is all about money and Carbon Trading. The collapse of the Chicago exchange and the growing realisation in Europe that Carbon Trading is just a scam is leading all those with a vested interest in carbon pricing to raise the spectres of carbon dioxide again. Hopefully these efforts will be as useless as at Copenhagen but some “trading” being introduced through the back door is always a possibility.
The two main “money flows” that Cancun is concerned with is the carbon trading fraud and the diversion of funds to “developing” countries to reduce their emissions of carbon dioxide. Just as with the Nagoya biodiversity conference a key objective is the redistribution of wealth. In fact biodiversity and climate are merely convenient scare stories which can act as vehicles for arranging for the flow of funds. A UN IPCC official admitted as much when talking about climate policy:
OTTMAR EDENHOFER, UN IPCC OFFICIAL: “That will change immediately if global emission rights are distributed. If this happens, on a per capita basis, then Africa will be the big winner, and huge amounts of money will flow there. This will have enormous implications for development policy. And it will raise the question if these countries can deal responsibly with so much money at all”.