Washington Times
Today, U.N. negotiators will begin two weeks of meetings in Cancun, Mexico, looking for a way to move the climate action agenda forward, impose global carbon emissions caps and compel countries to pay a series of new international taxes to underwrite environmental programs. Maybe they'll get what they want when hell freezes over.
The mood of climate alarmists going into Cancun is decidedly downbeat. The sense of impending doom they had cultivated over the last decade or so has largely evaporated. The Climategate scandal took a severe toll on the credibility of some of the climate theology's leading high priests, and subsequent investigations into some of the more outlandish claims on which their doomsaying was based found them to be either exaggerated or fabricated. The November demise of the Chicago Climate Exchange - which sought to transfer billions of dollars to political insiders trading in government-rigged carbon markets - signaled that there was no money in the game anymore. Last week, even Al Gore admitted his fallibility when he retracted his earlier support for ethanol fuels. The god bleeds.
Last year's Copenhagen confab was intended to seal a comprehensive global climate deal but turned into an exercise in humiliation. The imagined 2009 treaty - originally billed as "the single most important piece of paper in the world today" - would have instituted global governance of carbon emissions enforced by an international body with the power to levy taxes to force countries to impose its will. But the final, hastily written three-page agreement contained none of those controversial proposals and was simply a nonbinding statement regarding voluntary emissions caps. The most significant event at last year's summit was when the leaders of China, India, Brazil and South Africa unceremoniously snubbed President Obama, who was reduced to barging his way into their meeting uninvited. It was a low moment for the president personally, and a poor showing for what is under most circumstances the strongest country in the world.
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Carbon tax will double to €30 per tonne
In addition to the financial benefits of doubling carbon tax, the plan stresses the environmental gains stating the upward adjustment in tax would cut emissions
By Olivia Kelly
ENVIRONMENT: THE €15 per tonne carbon tax, introduced for the first time in the 2010 budget, is to double over the life of the plan to €25 per tonne in 2012 and 2013 and €30 per tonne by 2014.
Originally touted by Minister for Environment John Gormley as a “revenue neutral” measure, with the funds used to lower carbon emissions, support energy efficiency and alleviate fuel poverty, the plan states it will now contribute €330 million to the “overall correction”.
The tax applies to fossil fuels, including petrol, diesel, coal, turf fuel oil and gas. The plan does not estimate the increased costs on any of these products. However, when the €15 tax was applied to petrol and diesel from last December, it added approximately 5 cent to the cost of a litre.
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There are black days ahead for the carbon industry
As delegates arrive in Cancun for the UN climate conference, the carbon trading lobby is desperate for an accord
By Christopher Booker
It might seem mildly entertaining that the media's warmist groupies, led by the BBC, have been so eager to report the latest claims of James Hansen and Phil Jones – of Climategate fame – that 2010 is the hottest year in history, while inches of "global warming" cover Britain with its most extensive November snowfall in 17 years, heralding what promises to be our fourth unusually cold winter in a row. The explanation for the recent renewed spate of warmist scare stories lies, of course, in the fact that several thousand politicians, officials and lobbyists from all over the world are today arriving in the Mexican holiday resort of Cancun, where they hope to salvage a binding UN treaty from the wreckage of last December's fiasco in Copenhagen.
None of the lobbying has been more telling than a statement issued by 259 investment organisations, controlling "collective assets totalling over $15 trillion" – including major banks, insurance companies and pension funds. These are the bodies calling most stridently for "government action on climate change", because they are the ones who hope to make vast sums of money out of it. They are desperate for a treaty of the type they failed to get at Copenhagen – even more so since the collapse of the US cap and trade bill – because they see their chance of turning global warming into the most lucrative fruit machine in history dwindling by the month.
Top of their wish list is "a rapid time-frame" for implementing the UN's REDD scheme, which would enable them to make hundreds of billions of dollars by selling the CO2 locked up in the world's tropical rainforests as "carbon offsets", thus allowing firms from the developed world to continue emitting CO2. Under this scheme, for instance, environmental bodies including the WWF hope to share in the $60 billion which they estimate as the "carbon value" of the Brazilian rainforest.
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