Author: DSseeing

China urges EU to halt carbon tax [Copy link] 中文

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Post time 2012-2-25 15:52:31 |Display all floors
CVHuan Post time: 2012-2-25 15:11
Basically, Seneca and Revolutionar support the carbon tax scam...

the poor Africans, Indian, Pakistani and Chinese who don't use air travel as much as  Europeans suffer from climate change while the rich bastards use carbon without full cost to society.


This new carbon tax is one way to address the injustice. Other measures will come.
I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2012-2-25 18:10:12 |Display all floors

RE: China urges EU to halt carbon tax

chinanumberone Post time: 2012-2-25 01:33
You can call it "happy fairy tax" or "flowers and roses tax" and it's still going to be a burden a ...

{:soso_e179:}   {:soso_e183:}  That's the way ... ar..har  ar..har. I like it ... ar..har, ar..har!
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Post time 2012-2-25 18:19:59 |Display all floors

RE: China urges EU to halt carbon tax

chinanumberone Post time: 2012-2-25 01:33
You can call it "happy fairy tax" or "flowers and roses tax" and it's still going to be a burden a ...
You can call it "happy fairy tax" or "flowers and roses tax" and it's still going to be a burden and a obstacle to the healthy growth of a fundamental industry.

Indeed, yes indeed! As the saying goes ............

A skunk by any other name still stinks!

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Post time 2012-2-25 18:38:12 |Display all floors

RE: China urges EU to halt carbon tax

Powering up a carbon tax fraud
Alan Kohler
Published 7:45 AM, 14 Sep 2011 Last update 10:35 AM, 14 Sep 2011


No wonder business confidence has collapsed. While the US and Europe apparently grind towards a new financial crisis and recession, Australia’s politicians busy themselves with a fraudulent debate about climate change.

Why fraudulent? Because it is impossible for Australia to meet the proposed greenhouse gas emissions target through domestic action, and everyone knows it.

In her speech to Parliament yesterday, the Prime Minister Julia Gillard said: “Liable parties will be able to meet up to half of their obligation through the use of international carbon units.”

What she didn’t say is that buying permits from overseas is not simply an option, but an essential part of the plan.

At least she is half honest about it. The Coalition continues to pretend that its “direct action” plan can achieve the same proposed emissions reduction as the government’s, when it would also clearly have to rely on international carbon units to cut emissions by 5 per cent of 2000 levels by 2020.

Yet, Tony Abbott and his Shadow Minister for Climate Change Greg Hunt remain magnificently unquestioned about their own policy while hammering away at the government’s. It is a beautiful thing to be able to successfully criticise careful and detailed government legislation that has been 20 years in the making while not having to worry about developing a credible policy of your own.

But that’s the golden place in which the Coalition finds itself, and good luck to them I guess.

Unfortunately, the lack of any sort of sophisticated discussion about the issue is causing a lot of uncertainty among business people and consumers and contributing to the big drop in their confidence.

No one, for example, is remarking on the fact that while Australia’s “Clean Energy Future” relies on buying international carbon units, the only place you can get them from at the moment – the European Union – appears to be falling apart.

About 85 per cent of the world’s carbon permits are generated in the EU emissions trading scheme, which remains the only deep carbon market to have come out of the 1997 Kyoto Protocols.

Despite two attempts so far – at Copenhagen and Cancun – there is no sign yet of a successor international agreement to replace Kyoto. The World Bank reports that the global carbon market has stagnated, even as the global economy recovered in 2010 and the world’s temperature was the hottest on record at the same time.

There is virtually no chance of an agreement in Durban at the end of the year. That means Kyoto will expire in 2012 and it will be every country to themselves … no international market.


That means, realistically, the only place that Australia’s 500 “big polluters” will be able to buy permits outside this country – as they must – will be Europe. But will they be able to?

The EU ETS is not falling apart with the Economic and Monetary Union at this stage, but the future of everything about the eurozone is extremely unclear.

The German Constitutional Court has decisively ruled out a permanent European Stability Mechanism as well as the issuing of eurobonds. In effect, a fiscal union seems to be off the agenda now, which is why financial markets have reacted so negatively in the past week, since the German Constitutional Court ruling.

German Chancellor Angela Merkel has publicly ruled out the insolvency of Greece, but that’s not carrying much weight against the combination of Germany’s legal and right wing forces standing in the way of practical solutions.

So will there actually be an EU ETS in 2015 when Australian companies have to start buying permits from it? Who knows? No one wants to talk about that.

More importantly, nor do they want to talk about what Australia’s response to a new financial crisis and recession ought to be. More cheques in the mail? Another Building Education Revolution? What should happen with the budget?

Australia’s politicians are too busy struggling for power to worry about stuff like that.





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Post time 2012-2-25 19:35:21 |Display all floors

RE: China urges EU to halt carbon tax

"European fraudsters steal $7B in carbon credit scam". And this is the same cap-and-trade system that the "climate changers" want to impose on America. No wonder Wall Street is salivating

CBC


Fraud within Europe's carbon credit trading system has cost taxpayers more than $7 billion in the last 18 months, European police said Friday.




Geese fly past a Kansas smokestack. Companies in some countries buy credits to offset their greenhouse gas output. (Charlie Riedel/Associated Press)


Officials at Europol, the body in charge of co-ordinating police forces inside the European Union, say fraudulent activity on the EU's Emission Trading System was first suspected in late 2008 when police noticed the volume of trades in certain countries would mysteriously spike.


"It is estimated that in some countries, up to 90 per cent of the whole market volume was caused by fraudulent activities," Europol said.


Since late 2008, the total value of fraudulent activity is believed to be in excess of five billion euros ($7.7 billion Cdn) from bogus trades in European unit allowances, or EUAs, the credits that companies in some countries buy to offset their greenhouse gas output.


In the EU and other jurisdictions, caps are put on the total amount of carbon dioxide that is allowed to be emitted. Companies that pollute more than their fair share must then buy carbon credits from companies that don't pollute, to keep the total output below the prescribed cap.


Market volume on the EU's carbon trading system peaked in May 2009, with several hundred million EUAs traded in France and Denmark alone, Europol said.



Market worth $140 billion annually

At the time, one EUA was worth about 12.5 euros, or about $19.30.
In the scam, criminals set up a carbon trading account on a recognized European market. They would then buy credits tax-free on exchanges in countries outside Europe. Those credits are then transferred into the European account, and the fraudsters collect tax on that transaction, but the monies are never paid to any European tax agencies.


The bogus trading account is then shut down before tax authorities can collect.

To prevent further losses, governments in France, the Netherlands, the United Kingdom and most recently Spain have all changed their taxation rules on the transactions. Trading activity from the aforementioned countries has declined by as much as 90 per cent as a result, Europol said.


Police agencies throughout Europe are currently collaborating to uncover specific fraudulent trades, and there are reasons to believe that fraudsters might soon migrate toward the gas and electricity branches of the energy sector, Europol said.


The EU carbon trading market is estimated to be worth nearly $140 billion a year, and 12,000 emitters have purchased more than two billion EUAs thus far. The Emission Trading System is one of six recognized European carbon trading markets.






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Post time 2012-2-26 02:13:50 |Display all floors
sansukong,




your Heartland Institute is a heartless criminal organisation. They have been exposed by spies and traitors within your organisation. How long before the organisers are rounded up and jailed?
I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2012-2-26 19:19:41 |Display all floors
The Birth of World Government: Dr. Michael Coffman.
http://www.youtube.com/watch?feature=player_detailpage&v=gj6060MNoDo


On the Thursday, February 23 edition of Infowars Nightly News, host Paul Joseph Watson talks with Dr. Michael Coffman, CEO of Sovereignty International, who appears in Alex's Endgame: Blueprint For Global Enslavement.


http://www.discerningtoday.org/


http://www.infowars.com/


http://www.prisonplanet.tv/


http://twitter.com/#!/RealAlexJones



Dr. Michael Coffman is CEO of Sovereignty International. He has a Ph.D. in ecosystems analysis and has taught in universities in ecology, ecosystems, forest management, and meteorology as well as conducted research in these areas. He led a multimillion dollar research effort into the effects of global warming on our nation's ecosystems in the late 1980s and 1990s before leaving that position to start his consulting firm, Environmental Perspectives, Inc. and create Sovereignty International to expose the global agenda.


E-Mail: mcoffman@adelphia.net



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