Climate Change: a lucrative multibillion carbon trading scheme


by Michel Chossudovsky

The following text (in annex) was published simultaneously by major Newspapers around the World. It constitutes a Worldwide public relations initiative, intended to sway public opinion into unreservedly accepting the “Global Warming consensus”. The text of the editorial was prepared by The Guardian team.

The editorial presents an apocalyptic scenario, with global warming ravaging the planet.

While it rightly points to the need to reduce CO2 emissions, as an environmental clean air objective in its own right, it accepts the Global Warming Consensus, outright, without debate or discussion, as an absolute truth as outlined by the UN Panel on Climate Change.

It fails to acknowledge the broader scientific debate on climate change. It also fails to address the controversy behind the data base on climate change and greenhouse gas emissions.

The evidence that CO2 is the sole cause of Global Warming is questionable, as revealed by numerous scientific studies. (See Global Research’s Climate Change Dossier: Archive of more than 100 articles)

There has been, in this regard, a persistent attempt to silence the critics as conveyed in the writings of MIT meteorologist Richard S. Lindzen (See Richard Lindzen, Climate of Fear: Global-warming alarmists intimidate dissenting scientists into silence., Global Research, 7 April 2007)

Scientists who dissent from the alarmism have seen their grant funds disappear, their work derided, and themselves libelled as industry stooges, scientific hacks or worse. Consequently, lies about climate change gain credence even when they fly in the face of the science that supposedly is their basis. (Ibid)

CO2 emissions are heralded in the editorial as the single and most important threat to the future of humanity.

The authors of the editorial believe that “the politicians in Copenhagen have the power to shape history’s judgment on this generation”.

Our understanding is that the politicians from NATO countries, who will be attending the Copenhagen Venue, invariably act on behalf of the interests of the financial establishment, the oil companies and the defense contractors.

In this regard, it is worth noting that key decisions and orientations on COP15 have already been wrapped up at the World Business Summit on Climate Change (WBSCC) held in May in Copenhagen, six months ahead of COP15.

The WBSCC brought together some of the World’s most prominent business executives and World leaders including Al Gore and UN Secretary General Ban Ki Moon. (The World Business Summit on Climate Change, includes webcast)

The results of these high level consultations are contained in a “summary report for policymakers” drafted by PricewaterhouseCoopers LLP, on behalf the corporate executives participating in the event. This report, which has been forwarded to the participating governments, has very little to do with environmental protection. It largely consists in a profit driven agenda, which uses the global warming consensus as a justification. (For details see Climate Council: The World Business Summit on Climate Change)

“The underlying ambition of the [WBSCC] Summit was to address the twin challenges of climate change and the economic crisis. Participants at the Summit considered how these risks can be turned into opportunity if business and governments work together, and what policies, incentives, and investments will most effectively stimulate low-carbon growth.” (Copenhagen Climate Council)

What is the hidden agenda behind the Copenhagen CO15 Summit?

The Global Warming consensus is being used to justify a lucrative multibillion carbon trading scheme which seeks to enrich corporations and financial institutions to the detriment of the developing countries.

According to the editorial: “Social justice demands that the industrialised world digs deep into its pockets and pledges cash to help poorer countries adapt to climate change, and clean technologies to enable them to grow economically without growing their emissions”.

This carbon trading scheme does not serve the interests of social justice. Quite the opposite. What is now being contemplated is a multibillion trade in Carbon Derivatives: the banks are slated “to make a killing” on carbon trading, with … a very high probability of massive fraud and insider trading in the carbon trading markets.” (See Copenhagen’s Hidden Agenda: The Multibillion Trade in Carbon Derivatives, Global Research, December 8, 2009). In a bitter irony, the architect of Credit Default Swaps at JP Morgan is behind the development of a trading system in “Carbon Derivatives”.

While we share the concerns of the environmentalists, there is no reason to uphold something which is untrue or questionable to reach stated environmental goals.

Reducing toxic manmade CO2 emissions need not be viewed as subordinate and instrumental to reducing the tide of Global Warming. It is an objective in its own right.

The implementation of an environmental program geared explicitly towards reducing CO2 emissions at the national and international levels requires neither the Global Warming Consensus, nor a profit driven carbon trading system.

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