U.N.’s Carbon Credits Create Perverse Incentives

By: Steve Maley (Diary)  |  August 9th at 04:00 PM  | 

It seems harmless enough when an airline offers their customers “green indulgences” in the form of carbon credits when buying a ticket. The credits are intended to resolve the guilt the customer is supposed to feel for his wanton use of fossil fuels. In practice, the credits have become a perverse incentive for practices that are exactly opposite what the U.N. intended when it created | Read More »

More Global Warming Baloney from the AP

By: Steve Maley (Diary)  |  March 26th at 12:30 AM  | 

Via our friends at wattsupwiththat.com comes the sad story of South Talpatti Island (a/k/a New Moore Island) in the Bay of Bengal. Or, more precisely, South Talpatti is an ex-island. New Moore is No More, the latest victim of rising sea levels, melting glaciers and other Inconvenient Truths. NEW DELHI – For nearly 30 years, India and Bangladesh have argued over control of a tiny | Read More »

How Cap and Trade Plans to Cripple Our Economy

By: Steve Maley (Diary)  |  December 17th at 02:15 PM  | 

If you can’t understand conceptually why a Cap and Trade system is such a bad deal, how about a concrete example? The European Union is a signatory of the Kyoto Protocols and have been dealing with a Carbon Cap and Trade system for several years. This article in today’s Wall Street Journal shows how the potential profit from the sale of carbon credits directly led | Read More »