Tuesday, 22 December 2015
Profiteering through carbon trading permits
Profiteering through carbon trading permits
Profiteering through carbon trading permits
11:00 Tuesday 22 December 2015 / Letters
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SOMEHOW I was not at all surprised to see that the Governor of the Bank of England attended the Paris climate deals.
I am sure that big bucks are trading hands on the back of trendy carbon trading permits to “pollute” with carbon dioxide. As I suspected would happen, India will carry on burning coal while we curtail our own use.
This allows the carbon share price to soar thus making billions on the global stock markets.
Meanwhile, this glorious climate deal will allow the proliferation of “low carbon” nuclear power stations.
Whoever would have dreamt that nuclear power would now be labelled as green energy?
Acres of forest worldwide will be cut down to provide fuel for our biomass power stations that have replaced the coal. The concept behind biomass has been long forgotten along the blind climate alley.
Biomass refers to dead or fallen wood on the ground that may be burnt as a so-called carbon neutral fuel. Biomass does not include deliberately felling forests of trees as is now happening in the name of green energy.
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Meanwhile, deadly diesel “low carbon” vehicles continue to kill huge numbers worldwide with their noxious particulate emissions.
SUSAN THOMAS
Oxford
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