Copenhagen Framework Demands Huge Amounts of Spending, But Allows Enron-Style Accounting Tricks So That Carbon Isn’t Actually Reduced

Washginton’s Blog The UN and other agencies calling for a war on global warming say the price tag will be trillions.

But – according to top experts on climate and cap and trade – the regulatory framework being rammed through in America and internationally won’t actually reduce carbon to any meaningful degree. See this, this, this and this.

Now, the Independent notes that the Copenhagen framework uses Enron-style accounting tricks to give the impression of cutting carbon, without really doing so:

The first week of this summit is being dominated by the representatives of the rich countries trying to lace the deal with Enron-style accounting tricks that will give the impression of cuts, without the reality. It’s essential to understand these shenanigans this week, so we can understand the reality of the deal that will be announced with great razzmatazz next week …

A study by the University of Stanford found that most of the projects that are being funded as “cuts” either don’t exist, don’t work, or would have happened anyway. Yet this isn’t a small side-dish to the deal: it’s the main course …

For the rest of the article go here.

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