Posts Tagged ‘Kyoto Protocol’

Thank goodness for the Russians

June 12, 2013

It isn’t often that the Russian position is to be admired and even in this case they are doing – in my opinion – the right thing but for the wrong reasons. Anything which blocks the ridiculous UN Panel on Climate Change and its pointless and wasteful exercise in Bonn is welcome. Of course the Russians are only really concerned about the value of the Carbon credits they have stock-piled. Credits they received  for shutting down inefficient industries as being environmental “good guys” but where these were going to be shut down anyway.

This from AFP:

A key panel at UN climate talks in Bonn went into deep freeze on Tuesday as Russia ignored pleas to end a procedural protest, according to a webcast of the meeting and sources there. Supported by Belarus and Ukraine, Russia refused to let work start in the Subsidiary Body for Implementation (SBI), an important technical committee in the climate talks, more than a week after the 12-day negotiations began.

Observers said if the three countries did not back down, the future of the entire UN process to fight greenhouse-gas emissions would be at risk. “It’s a most unfortunate situation,” said Christiana Figueres, head of the UN Framework Convention on Climate Change (UNFCCC), as delegates admitted the panel will most likely have achieved nothing by Friday’s close.

The Russians are incensed by what happened at the UNFCCC’s last big annual meeting, held in Doha, Qatar, last December. They complain they were ignored by the conference’s Qatari chairman, who gavelled through a deal that extended the Kyoto Protocol.

The decision at Doha hamstrung Moscow’s planned sale of 5.8 billion tonnes of carbon credits that Russia had amassed under the first round of the Kyoto Protocol.

It had gained these credits not through emissions reductions efforts, but after market pressure forced the closure of CO2-spewing factories following the fall of the Soviet Union.


“If these three countries maintain their positions until 2015, they could wreck the entire process,” one observer warned AFP.

COP18 in Doha and “hot air”

November 25, 2012

There can be few things more wasteful than this. And all  for a hypothesis which cannot be proven and is increasingly looking like “hot air”. 

The annual climate jamboree  is about to start for 17,000 participants!!!!!

This from the BBC

  • Doha climate talks: Will ‘hot air’ derail the process?
  • More than 17,000 participants are expected in the Qatari capital Doha for the 18th Conference of the Parties (COP18) of the United Nations Framework Convention on Climate Change.
  • Qatar, rich in oil and particularly gas, has some of the highest per-capita carbon emissions in the world.
  • One of the concerns is over “hot air” – several EU countries were given huge allowances of carbon permits that they want to carry over into a new commitment period. But the scale of the surplus, some 13 billion tonnes of carbon dioxide, could render future promises to cut carbon effectively meaningless. (Note that cutting Carbon itself is pretty meaningless)

Opposition to shale gas and cheap US coal only leads to greater use of coal in Europe

September 26, 2012

Not that there is anything wrong with using coal when it makes commercial sense. The demonisation of carbon dioxide is a religion built on a hypothesis which in turn is based on “it must be the cause of global warming” and not on any evidence whatever. In consequence the world-wide drive to reduce carbon dioxide emissions is an unnecessary, expensive and ultimately pointless exercise.

The religious and thoughtless opposition of the “greens” to any use of fossil fuels has led them – especially in Europe – to trying to block exploration, production and exploitation of shale gas. But as with so many “environmentally correct” decisions it turns out to be counter-productive to their own misguided objectives. In Europe this together with the availability of cheap US coals has only served to promote the greater use of coal and an increase in carbon dioxide emissions. The blind pursuit of renewable energy in Europe has already given the highest electricity prices in the world. While the increased emissions of carbon dioxide through greater coal use does not itself matter, the consumer will have to pay even higher electricity prices than would prevail if shale gas were exploited.

Reuters reports:

BRUSSELS/LONDON, Sept 25 (Reuters) – Shale gas has jolted traditional roles in the planet’s climate drama, giving cleaner fuel to the United States, whose displaced coal has headed to Europe to pollute the old continent.

It is an ironic twist for the European Union, whose energy policy is largely based on promoting renewables and a target to cut emissions b y 20 percent by 2020. The U.S. did not ratify the Kyoto Protocol to combat global emissions and its national goals are far less ambitious than Europe’s.


Carbon trading greed drives land grab and eviction of 20,000 in Uganda

October 4, 2011

I take man-made carbon dioxide (3 – 4% of an atmospheric concentration of 0.04%) as being quite insignificant and essentially irrelevant for climate change.

But global warming ideology has led to the opportunistic development of the carbon trading  obscenity which funnels vast amounts of tax money into the sticky hands of a few developers and their parasitic politicians and bureaucrats. The UN (Kyoto protocol) and the EU (carbon trading) programs are particularly to blame. The frauds and scams connected with carbon trading do nothing for our climate but they encourage the greed which leads to the most obscene and despicable behaviour. I posted recently about the excesses in Honduras which led to the murder of 23 farmers. But I had missed this story which came out in the New York Times two weeks ago. 20,000 Ugandans have been evicted, houses burned and people killed to allow a UK company to plant forests and earn millions in selling the resulting carbon credits:

In Scramble for Land, Group Says, Company Pushed Ugandans Out 

KICUCULA, Uganda — According to the company’s proposal to join a United Nations clean-air program, the settlers living in this area left in a “peaceful” and “voluntary” manner. People here remember it quite differently. “I heard people being beaten, so I ran outside,” said Emmanuel Cyicyima, 33. “The houses were being burnt down.” Other villagers described gun-toting soldiers and an 8-year-old child burning to death when his home was set ablaze by security officers. “They said if we hesitated they would shoot us,” said William Bakeshisha, adding that he hid in his coffee plantation, watching his house burn down. “Smoke and fire.”

According to a report released by the aid group Oxfam on Wednesday, more than 20,000 people say they were evicted from their homes here in recent years to make way for a tree plantation run by a British forestry company, emblematic of a global scramble for arable land.

“Too many investments have resulted in dispossession, deception, violation of human rights and destruction of livelihoods,” Oxfam said in the report. “This interest in land is not something that will pass.” As population and urbanization soar, it added, “whatever land there is will surely be prized.”

Across Africa, some of the world’s poorest people have been thrown off land to make way for foreign investors, often uprooting local farmers so that food can be grown on a commercial scale and shipped to richer countries overseas.

But in this case, the government and the company said the settlers were illegal and evicted for a good cause: to protect the environment and help fight global warming.

The case twists around an emerging multibillion-dollar market trading carbon-credits under the Kyoto Protocol, which contains mechanisms for outsourcing environmental protection to developing nations. The company involved, New Forests Company, grows forests in African countries with the purpose of selling credits from the carbon-dioxide its trees soak up to polluters abroad. Its investors include the World Bank, through its private investment arm, and the Hongkong and Shanghai Banking Corporation, HSBC.

Read article 

That the New Forest Company is opportunistic and greedy is inevitable and understandable when the benefits of the carbon trading programs were flouted under their noses. That they were unaware of the methods used is not credible. The results of the carbon trading scams are becoming sick and despicable and the EU politicians and bureaucrats who administer such schemes cannot continue to hide behind their misplaced intentions to “save the globe” and their “rules”.

Wikileaks cable reveals the fraud that is the Kyoto protocol

October 1, 2011

Prof. Dr. Ottmar Edenhofer is the Co-Chair of Working Group III of the IPCC – deputy director and chief economist of the Potsdam Institute for Climate Impact Researck (PIK). PIK is somewhat notorious for being a scientific institution where all their results are governed and constrained by political correctness. Only results which support global warming dogma are ever published by PIK. It is also the institution which is home for the sea level alarmist Stefan Rahmstorf.

But last year even a high priest such as Ottmar Edenhoffer was forced to admit:

“But one must say clearly that we redistribute de facto the world’s wealth by climate policy.  Obviously, the owners of coal and oil will not be enthusiastic about this.  One has to free oneself from the illusion that international climate policy is environmental policy.  This has almost nothing to do with environmental policy anymore.”

It becomes increasingly apparent that climate policy has very little to do with science and everything to do with creating and tapping into vast flows of money. And now courtesy of the Wikileaks cable releases we learn:


Cancun won’t because it can’t

December 5, 2010

The  Cancun jamboree enters it’s second week with efforts being made to reduce expectations even further.  It is clear that any extension of Kyoto will be deferred till next year – again- and the pressure is now to get sufficient at Cancun next week to be able pronounce a success.

But the mood of the world has changed. Politicians lag the world by a few months and it is apparent that there are vry few who are leaders.

From the Hindu:

With Japan’s forthright statement on Monday and reluctance on the part of the other countries such as Russia, Canada and Australia to commit to a second phase, the entire negotiation is fraught with uncertainty.

To add to this the ALBA or the Bolivarian Alliance for the Peoples of Our America, which comprise nations of the South America and the Caribbean, has upped the ante by demanding a firm commitment from developed nations to the second phase of the Kyoto protocol, putting pressure on the main polluters. Matters were worsened by rumours of a secret text floated at the conference, which was strenuously denied by Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), on Thursday. The secret text, according to a statement released by NGOs says the presidency of the conference of parties, Mexico, has convened an exclusive small group of countries aimed at agreeing on a text on the most sensitive topic, the mitigation efforts of developed and developing countries.

Ms. Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), briefing the press, denied there was any secret Mexican text. Japan was clear about its position for a long time and it comes as no surprise that it had made a statement on its position, she reiterated. “The challenge of Cancun is how to formulate the broad array of proposals from developed countries under the UNFCCC framework,” she said. Even the position of the ALBA countries was known and there was no news there. Their position was 180 degrees opposite to Japan. “I don’t think it will be possible to guarantee a second commitment to the Kyoto Protocol. And it could be addressed later, but not at Cancun,” she said.

Expectations are being walked back.

Some good news from Cancun: Japan refuses to extend Kyoto protocol

December 2, 2010

Jun Arima, an official in the government’s economics trade and industry department, in an open session at Cancun bluntly stated that  “Japan will not inscribe its target under the Kyoto protocol on any conditions or under any circumstances.”

Kyoto stop

The Guardian is concerned which is a good sign in itself:

The brief statement…. was the strongest yet made against the protocol by one of the largest emitters of greenhouse gases.

“For Japan to come out with a statement like that at the beginning of the talks is significant,” said one British official. “The forthrightness of the statement took people by surprise.”

If it proves to be a new, formal position rather than a negotiating tactic, it could provoke a walk-out by some developing countries and threaten a breakdown in the talks. Last night diplomats were urgently trying to clarify the position. The move provoked alarm among the G77, the grouping of developing countries who regard the Kyoto protocol as the world’s only binding agreement on climate change cuts. Japan gave no reasons for making its brief statement on the second day of the talks, but diplomats said last night that it represented a hardening of its line. “Japan has stated before that it wants only one legal instrument and that it would be unfair to continue the protocol,” said one official who did not wish to be named.

Bloomberg writes:

China and Brazil led developing nations in saying Japan’s refusal to help extend the Kyoto Protocol to curb greenhouse gas emissions may halt work on a global accord to combat global warming.

A total of 37 developed countries, including Japan, ratified the Kyoto Protocol in 1997, agreeing to set limits on fossil fuel emissions. The Kyoto accord expires in December 2012 and with no other agreement to replace it, delegates at the United Nation climate talks in Cancun, Mexico, say extending the protocol is crucial.

“The Kyoto Protocol is the very basis of the framework to address climate change through international cooperation,” China’s envoy, Su Wei told reporters in Cancun. “If the pillar is collapsed, you can guess the consequences.”

Carbon Trading dies quietly in the US; time for Europe to follow suit

November 8, 2010

From Pajamas Media:

Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading — the only purpose for which it was founded — this year.

Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub of the mandatory carbon trading established by a cap-and-trade law, like the Waxman-Markey scheme passed by the House in June 2009.

At its founding in November 2000, it was estimated that the size of CCX’s carbon trading market could reach $500 billion. That estimate ballooned over the years to $10 trillion.

The CCX was the brainchild of Northwestern University business professor Richard Sandor, who used $1.1 million in grants from the Chicago-based left-wing Joyce Foundation to launch the CCX. For his efforts, Timenamed Sandor as one of its Heroes of the Planet in 2002 and one of its Heroes of the Environment in 2007.

CCX’s panicked original investors bailed out this spring, unloading the dog and its across-the-pond cousin, the European Climate Exchange (ECX), for $600 million to the New York Stock Exchange-traded Intercontinental Exchange (ICE) — an electronic futures and derivatives platform based in Atlanta and London. (Luckier than the CCX, the ECX continues to exist thanks to the mandatory carbon caps of the Kyoto Protocol.)

The ECX may soon follow the CCX into oblivion, however — the Kyoto Protocol expires in 2012. No new international treaty is anywhere in sight.

While we don’t know how well Al Gore and Goldman Sachs fared on their investments in the CCX, we do know that there’s no reason to cry for Sandor. He received $98.5 million for his 16.5% stake in CCX when it was sold. Not bad for a failure that somebody else financed.

Carbon Financial Instruments – Nov 5, 2010

Product Vintage Open High Low Close Change Volume
Total Electronically Traded Volume
CFI 2003 $0.00 $0.00 $0.00 $0.05 0
CFI 2004 $0.00 $0.00 $0.00 $0.05 0
CFI 2005 $0.00 $0.00 $0.00 $0.05 0
CFI 2006 $0.00 $0.00 $0.00 $0.05 0
CFI 2007 $0.00 $0.00 $0.00 $0.05 0
CFI 2008 $0.00 $0.00 $0.00 $0.05 0
CFI 2009 $0.00 $0.00 $0.00 $0.05 0
CFI 2010 $0.00 $0.00 $0.00 $0.05 0
Price and volume reported in metric tons CO2

UN climate talks in China end without breakthrough

October 9, 2010

No Surprises. (I wonder what the Carbon footprint of all the delegates, journalists and other hangers-on attending the jamboree was?). Oh well, the next jamboree will be held in Cancun in November.

From the BBC.

UN climate talks in China have ended without a major breakthrough and with angry words about the US from Beijing.

It has been the old deadlock in the northern Chinese city of Tianjin during the week-long talks. China feels unfairly criticised by the US.

On Saturday, one of the Chinese climate negotiators reportedly accused the US of behaving like a preening pig, complaining about Beijing when Washington had done so little itself.

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