Years of UN sponsored junkets and groupthink. Thousands of ineptocrats jetting into exotic locations, burning tonnes of evil fossil fuels for what?
Intelligent observers noticed the morphing of Global Warming to Climate Change to Climate Disruption years ago. Take two more steps on the propagandists stairway to heaven and you ascend to Biodiversity Protection and Sustainable Development. The first Rio Earth Summit:
sought to help Governments rethink economic development and find ways to halt the destruction of irreplaceable natural resources and pollution of the planet. Hundreds of thousands of people from all walks of life were drawn into the Rio process. They persuaded their leaders to go to Rio and join other nations in making the difficult decisions needed to ensure a healthy planet for generations to come
Twenty years on the politics of saving the planet have moved the full circle. As the planet has cooled so has the rhetoric of the do gooders and cause pushers. This post focusses on the fallout from the Rio +20 Earth Summit which by most accounts has been an utter failure and a waste of money.
From an Australian perspective the most notable embarrassment is our own Julia Gillard who had the temerity to advise the EU how best to run its business at the G20 before jetting in to Rio. The problem for Gillard is that most Australians think she’s been doing a lousy job of that back here. Imagine what the audience was thinking before she started to drone on?
Australian PM… incompetent at foreign affairs, unpopular at home and can’t buy a vote. Can’t control government spending, MP’s at trough or even borders…Set a fixed price for Carbon at $23/tonne when our price was already tanking….Here we go!
Gillard said Europe’s leaders should take note of ”the Australian way”, after she and Treasurer Wayne Swan wrote to the politicians advising them on the need for further action.
It’s all here but the back lash was immediate and continues Watch the Bolt Report with Bruce Hawker struggling to defend her. This is the PM who followed the EU’s warm green handshake for a Carbon Tax, setting our impost at $23/tonne when the Eu scheme was already tanking.
How interesting that twenty years ago, at the first Earth Summit, Canada was first to step up to the plate. Even more interesting to note that Canada was the first to distance itself from the warming. Read all about that in Rio+20 NGO fantasy at Canada’s Financial Post
a distinct cooling trend set in along with greater wariness about committing to the tough emissions targets being championed by the Europeans. In 1990, a leak to Friends of the Earth forced Environment Minister Lucien Bouchard to disavow any intention of Canada aligning itself with the U.S. to oppose targets and timetables. As a result, it swung behind the Europeans. In 2002, Jean Chrétien had to heavily whip the Kyoto Protocol through the House of Commons.
After President George W. Bush rejected the Kyoto Protocol (which anyway had no chance of being ratified by the U.S. Senate), Canada used its enhanced bargaining position to punch holes through the Kyoto Protocol and claimed vast credits for its exports of hydro power to the U.S. Even so, Canada’s CO2 emissions rose faster than America’s (26% versus 16%).
The Harper government sat on the sidelines at the Copenhagen climate talks as the Europeans got rolled by U.S. President Barack Obama into accepting the toothless accord that he had negotiated with India, China, South Africa and Brazil. Canada’s withdrawal from the Kyoto Protocol, announced at the end of 2011, delivered the coup de grâce. In public, China and India condemned Canada’s move, but it let them completely off the hook. It is their long-standing position that they will not contemplate mandatory caps until the developed world has first delivered its obligations under Kyoto and any successor. Now they never will.
The UK Telegraph describes Rio+20 as a Washout
Brazil, as host country, was desperate to avoid a repeat of the Copenhagen climate summit, where the leaders found little agreed when they arrived and had to try to do the job themselves. Confronted with the failure of two years of negotiations to agree even an anodyne and non‑binding accord, Brazil watered it down even further and rammed it through: the 100 or so presidents and prime ministers were effectively confined to self-congratulatory speeches and public relations photo-calls
as one top international official privately put it to me: “The UN could not survive many more meetings like this.” And there are increasing signs that businesses and some governments are getting fed up.
Not to be outdone James Delingpole nails it…
Rio: killing the earth since 1992
Quite possibly the only good thing about this week’s Rio + 20 summit is that it coincides with the publication of a brilliant new book called Os Melancias.
David Rothbard and Craig Rucker sum it up succinctly at WUWT
The real “stakeholders” – the world’s poorest people – were barely represented at Rio+20. Their health and welfare, dreams and aspirations, pursuit of justice and happiness were given only lip service – then brushed aside and undermined. The proceedings were controlled by bureaucrats who do not know how to generate new wealth, generally oppose efforts by those who do know, and see humans primarily as consumers and polluters, rather than as creators and innovators, protectors and stewards.
If Rio+20 had achieved what its organizers had set out to accomplish, citizens of still wealthy nations would now have to prepare for new assaults on their living standards. Impoverished people in poor nations would now have to prepare for demands that they abandon their dreams for better lives.
That is neither just nor sustainable. It is a good thing that the radical Rio+20 agenda was largely rejected. Now we must all work together to find and implement constructive and sustained solutions to the real problems that continue to confront civilization, wildlife and the environment.
For mine, the reality rests in the the trading price of the UEA or European Union Allowance.
An EUA, which allows the emission of one tonne of carbon, are currently trading at €7.39 each. Financial News reported in December 2011 that the price of allowances had slumped 60% from a May 2011 high of €17.42 per metric tonne of CO2 to a record low of €6.90 per tonne at the end of November. Its all-time high was €32 per tonne in July 2008….
As opinion remains divided it is unsurprising that one initiative fell by the wayside on Tuesday. The International Finance Corporation, an industry group affiliated with the World Bank, said that it planned to cease making any more commitments from a proposed €150m fund to buy CERs generated from UN projects.
The fund could not weather what has been a near 75% fall in the CER price since May 2011, when it was first planned. The IFC statement said: “Following a decline in carbon prices, the facility is no able to offer a structure that allows for value to both participants and project developers.” It said it will continue to finance the one project it had backed.
The scrapping of the fund may not be the death knell to the industry, but is symbolic of a market that has failed to take off.
“I find it hard to believe that anyone who looks at the facts believes carbon trading is the best way to reduce carbon emissions,” says FERN’s Ozinga. “This is clearly not the tool to reduce carbon emissions.”
And the set price for Australia is…….$23. How competitive is that? Just who was the Ineptocrat that set that price?