The true cost of "carbon trading" schemes

It's more than the True Believers are trying to make you believe. MUCH more:

"How much would power prices go up if carbon emissions were no longer free? The Energy Information Administration estimates that under a plan cutting expected emissions growth by half by 2030, the price of electricity after inflation would be higher than it would otherwise be by 4 to 6 percent by 2020 and by 11 to 13 percent by 2030, as power companies spent money both upgrading power plants and buying the emissions credits that they’d need should they choose not to upgrade.

Carbon cap and trade has pushed wholesale power prices in Europe up 5 to 10 percent just since 2005, says Phil Hare, director of U.K.-based Pöyry Energy Consulting. And if Europe lowers its initially generous cap enough to encourage companies to switch permanently from coal to gas power plants, prices could rise 20 to 40 percent over a decade or so."

It's a lot of money to pay for "fixing" a problem for which legitimate science has yet to find empirical evidence, despite what the True Believers want you to believe.


For pete's sake, they can't even show that CO2 is the actual problem here, let alone any rationalization that the miniscule contribution that human society contributes to CO2 levels is the culprit.