Carbon Credits: “An Unprecedented Freeze”

Sounds like they’re working! Oh, wait…

Not a single UN Certified Emission Reduction, or CER, changed hands on July 22 and July 23, according to data from ICE Futures Europe, keeping the market on course for the lowest monthly aggregate volume since March 2008. The 14.3 million tons of offsets bought and sold this month compares with the record 211 million tons traded in October and an average 52 million over the past 12 months.
The collapse shows factories, power stations and airlines in the European Union have already bought most of the 1.7 billion tons of UN credits they can use to offset domestic emissions through 2020. That threatens to undo a market formed under the 1997 Kyoto Protocol as a way for richer nations to help developing countries limit greenhouse-gas output.

h/t Ed S.

13 Replies to “Carbon Credits: “An Unprecedented Freeze””

And so it continues . . . the bottom falls out of the Grift.
Just means that the eco scammers have hit the point of diminishing marginal returns on their Great Greenie Glowball Warming Scheme & Scam and it is time to find a new con to fleece the rubes.
What will they dream up next? It will have to bigger and badder than global warming.
Maybe they could claim the Sky is Falling.
Ya, that should work. Just think of the fund raising potential

” That threatens to undo a market formed under the 1997 Kyoto Protocol as a way for richer nations to help developing countries limit greenhouse-gas output”
That threatens to collapse the ponzi scheme of 1997 Kyoto to steal money from the West to support dictators and crony capitalists and crocked(is there any other) politicians to line their pockets. And burning cow dung to cook and heat your hut really doesn’t add diddly-squat to the non-poisonous output of CO2.
And China and India are developing countries? Who knew.
HANG THEM ALL

Taxing nothing will eventually highlight the value of same. Sequestering a .038% trace gas essential for life will be fodder for jokes in many future generations. Why don’t we just go back to human sacrifices to appease the weather gods ? Oh…that’s right, can’t tax that.

Peddling the selling of indulgences by the church of eco-fascists.

Carbon Credits.
Old Indian word for “make-believe solution to a pretend problem invented by forked-tongues to take advantage of men-who-are-smart-like-buffalo.”

These Carbon Credits were bought with real cold hard cash. Anyone see where they went? Is Nigeria selling the credits? I’ll be the BC taxpayer would like to know where the extra money needed to pay credits on government jobs went.
I wish there was an app that could read those Captchas…

What? A UN Certified Emission Reduction. You mean that all farts now have to be certified by the UN? No worries – from what you say it seems the whole scheme has run out of gas.