Page 43 - Carbon Frauds and Corruption

Corruption of Bribery

Chapter 6 : Corruption in the “Carbon World”

Baseline 1990 778,072,000 773,846,154 4,225,846
2008 Actual 629,791,430 623,913,043 5,878,387
2012 at 22% 1 606,896,160 603,600,000 773,846,154 3,296,160
2013‐2017 at 28% 2 560,211,840 556,400,000 772,777,778 3,811,840
2018‐2022 at 34% 3 513,527,520 508,800,000 770,909,091 4,727,520
2023‐2027 at 50% 4 389,036,000 390,000,000 780,000,000 ‐964,000
Totals 2,069,671,520 2,058,800,000 10,871,520
th
Table 1; Extracts from the 4 Carbon Budget
The bottom line is that if the UK sticks to all of its targets the trajectory of temperature rises (if
they exist at all) will be reduced by 0.024C by 2050.

An interesting point to note from the budget‐mainly because it is not mentioned‐is the foolishness of building
massive wind farms and power generation in the North of England and Scotland when 12% is lost in in
transmission into Southern civilisation. Building wind farms in Scotland and the North of England is obviously
another “noble cause”.

5.6.3 A Look to the Future
The goalposts and metrics (see page xxx) have been changed so often, with different agencies
giving different figures, that it is difficult to understand what the U.K.'s future position will be. It
is expected to be as follows:

 Kyoto obligations will come to an end in December 2012 although the ETS will remain a
dominant force with the European Union whose officials will take over many of the
decisions currently made by individual European Designated National Authorities
 The UNFCCC will continue in a coordinating role, maintain CDM and JI registers and
support existing and past projects
 Countries will increasingly enter into specific bi‐lateral agreements on offset projects
 Allowances will be auctioned with the money invested in Green Investment Schemes
mainly by PFI type projects: with all the fraud and corruption that these entail
 Excess AAUs may be carried forward into new budgetary periods
 All counties in Europe with the exception of Germany and the UK have excess allowances
 Allowances will be based on “product specific industry wide benchmarks” leading to
even more bureaucracy
 New industries such as aluminium refining, chemicals, aviation and shipping will fall under
the ETS
 International credits will be accepted for compliance programmes up to 2020

The budget – like the EU pronouncements – is silent on what will happen to the massive “hot air”
CDM credits generated by HFC and nitrous oxide CDM projects so it is worth saying a little about
them here.

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