From: "Rich Gauszka" 

The problem isn't necessarily Kyoto though - it's in the fraudulent scheme
known as energy credits/carbon trading.

http://www.ft.com/cms/s/48e334ce-f355-11db-9845-000b5df10621.html
Companies and individuals rushing to go green have been spending millions
on “carbon credit” projects that yield few if any environmental benefits.

A Financial Times investigation has uncovered widespread failings in the
new markets for greenhouse gases, suggesting some organisations are paying
for emissions reductions that do not take place.

Others are meanwhile making big profits from carbon trading for very small
expenditure and in some cases for clean-ups that they would have made
anyway.
The FT investigation found:

| Widespread instances of people and organisations buying worthless credits
that do not yield any reductions in carbon emissions.

| Industrial companies profiting from doing very little – or from gaining
carbon credits on the basis of efficiency gains from which they have
already benefited substantially.

| Brokers providing services of questionable or no value.

| A shortage of verification, making it difficult for buyers to assess the
true value of carbon credits.

| Companies and individuals being charged over the odds for the private
purchase of European Union carbon permits that have plummeted in value
because they do not result in emissions cuts.

Francis Sullivan, environment adviser at HSBC, the UK’s biggest bank that
went carbon-neutral in 2005, said he found “serious credibility concerns”
in the offsetting market after evaluating it for several months.

“The police, the fraud squad and trading standards need to be looking into
this. Otherwise people will lose faith in it,” he said.

These concerns led the bank to ignore the market and fund its own carbon
reduction projects directly.



"Gary Britt"  wrote in
message news:4655c12b{at}w3.nls.net...
All talk, but no action.  They will still give stering speeches about how
they are so good for having signed Kyoto, even though none of them have
done a damn thing to reduce emissions.  Unlike the USA.

LOL.  I love it.

Gary

Rich Gauszka wrote:
> Those pesky credits strike again
>
> 'European governments allocated excess emission credits due to industry
> pressure.'
>
>
> "Gary Britt" 
wrote in message
> news:4655b9cf{at}w3.nls.net...
> .....but, but, but, but, the USA didn't sign Kyoto how can this be????????
>
>
> U.S. Carbon Emissions Drop, Europe's Increase:
>
> Despite American inaction on climate change, emissions dropped in 2006.
> The
> AP reports:
>
>      The department's Energy Information Administration said Wednesday
> that
> preliminary data shows a 1.3 percent decline in the amount of
> heat-trapping
> carbon dioxide released in 2006 from energy-related sources, the first
> decline in 11 years and the biggest decline since 1990. . . .
>
>      Whether the decline of 78 million metric tons was an anomaly, or an
> indicator of something more, was unclear.
>
>      The Energy Department report said one reason for the decline was that
> 2006 had "weather conditions favorable for emission reductions." . . .
>
>      In 2006 there was a mild winter that reduced heating degree days by
> 7.4
> percent, and a cooler than normal summer that cut cooling-degree days by 1
> percent, both compared to 2005, the agency said. . . .
>
>      Carbon dioxide from natural gas declined by 1.7 percent and coal
> _which
> accounts for the most carbon emissions per unit of energy produced of any
> fossil fuel — was down 0.9 percent. Emissions from burning gasoline and
> diesel increased, but those increases were offset by declines in other
> petroleum fuels such as heating oil, said the agency.
>
>      The reductions resulted in the largest decline in carbon intensity —
> the amount of emissions related to economic growth — since 1990 with a
> reduction of 4.5 percent, said the report.
>
> Meanwhile, carbon dioxide emissions increased in the E.U., in part because
> European governments allocated excess emission credits due to industry
> pressure. The Guardian reports:
>
>      In 2006, industry emitted about 30m tonnes less than permitted.
> German
> emissions rose 0.6% while overall EU emissions went up by 1%-1.5% because
> of
> resumed growth in the eurozone.
>
> EU officials claim their efforts will become more successful as they clamp
> down on the volume of emission permits.
>
>
>
> .....YEAH Right.........  They are going to clamp down.  Just like the
> Europeans long on talk short on action.  That's why they are the
> descendants
> of those who chose to stay behind and serve their lords and ladys rather
> than take action and be free.  Talk is cheap.  So was signing Kyoto.
>
> I love it!!!!!!!!!!!!
>
> Gary
>

--- BBBS/NT v4.01 Flag-5