Bryan Leyland of the New Zealand Climate Science Coalition has explained the problem as neatly as I have ever seen:
“Carbon trading is the only commodity trading where it is impossible to establish with reasonable accuracy how much is being bought and sold, where the commodity that is traded is invisible and can perform no useful purpose for the purchaser, and where both parties benefit if the quantities traded have been exaggerated… it is therefore an open invitation to fraud and that is exactly what is happening all over the world.”
If the world were heating in lock step with the CO2 content of the air, I would be concerned. However, as if to emphasise the variability, Lord Turnbull, in the UK Financial Times of 31/1/13 mentioned that Arctic ice coverage is now back almost exactly to where it was in January 2007. This follows the late Theodor Landscheidt’s predictions which so often proved to be accurate and it looks as though we should be preparing for his 2030 Little Ice Age rather than feeding crooks in the pretext of saving the planet for our grandchildren.
Robert Brooks ASTC, FAusIMM, CPMin, MIEAust, CPEng, NM.
Geraldton WA 6530.