Skip to main content

Big banks weigh risks, rewards of California’s new CO2 market

This push towards a cashless carbon/energy-based currency seems to have started as early as 1932. With today’s technology, and the rolling out of the Smart Grid around the globe – we can seen now, the steps taken by the elite to achieve this goal. 
It is now obvious that major turning points such as: Nixon decoupling the dollar from gold, petro-dollars, the environment movement/Kyoto, peak oil and stimulus package spending – were all desired steps towards an Artificial Intelligence-controlled hi-tech future.I recommend reading these articles in the following order. However, if you suffer from short-attention-span or lack-of-time disorders, read the final article first:
Following last week’s successful test of the state’s auction platform, the reality is starting to settle in: California carbon trading has overcome legal and political challenges to position itself a mere 10 weeks away from its first official CO2 permit sale.
The carbon market’s success or failure will sway U.S. environmental policy for years to come, and early-moving Canadian banks like Bank of Nova Scotia (Scotiabank) and the Royal Bank of Canada, as well European banks like Deutsche Bank and Barclays, could play a critical role in that outcome.
Banks facilitate the purchases and sales of carbon credits for their clients, advise company executives on how to keep their costs down, and ultimately help them meet their environmental goals.

Profits on Carbon Credits Drive Output of a Harmful Gas

But so far, most brand-name investment banks have either kept their distance or already walked away, wary of pumping precious capital into the nascent market, especially in light of their tumultuous experience in the European carbon market.
Just as California hopes to learn from the mistakes made by their counterparts in Europe, where the eight-year-old market has been beset with plunging prices and regulatory uncertainty, banks hope to marshal their European experience to give them an advantage in California.
“We’ve been trading in Europe for years, so we have a deep understanding of carbon right now,” said Anthony D’Agostino, director of emissions markets for the Royal Bank of Canada.
“To replicate this in California is a no-brainer for us,” he said.  more

Carbon market chaos strikes again

What a surprise: The free-market-that-is-not-free leaps from one scandal to the next. In a real free market where salesmen sell something real, and buyers buy something they want, people can’t get away with cheating, or not for long.If someone sold you a bulk carrier of coal, and it turned up empty, you’d notice.
But, if someone sold you two million Certified Emissions Reductions (CERs) that were worthless, how could you tell? They are “certified”. They are real “certificates”, and as long as you believe they exist, perhaps they do? Welcome to the world of fiat currencies, where confidence doesn’t just make or break a market; it’s its sole underwriter.
Times Online reports on the Chaos in the carbon market over recycled permits.
The Hungarian Government, the cheeky sods, figured out that if CERs were issued by the UN (and not the EU), they could use them to write off the obligations of some Hungarian companies, and then, apparently, sell them again, so others could use them to write off their obligations, too.

Short URL:


Popular posts from this blog

1914 Germany Afrikaner farmer Agreement

thank you Etienne 
translated from Afrikaner to EnglishTo all the people of the white race all over the world, most of all to the German nation: This is an important agreement Concerning the South African Boer people and the German nation. It has to do with an agreement between the Boer rebellion and the German troops in Southwest Africa. The Boer rebellion were lead by leaders of the Afrikaaner nation (General Manie Maritz, General SG Maritz, General Koss Delarey) and who’ll be fought against the English in the Second Anglo-Boer war from 1899 to 1902, where the Afrikaaner nation under hun president In Paul Kruger ulcers completely humiliated by the English when ze ulcers forced to sign the Treaty of Vereeniging in 1902. The atrocities committed against the Boers in the Concentration camps ulcers horriffic to say the least, and at least 30 000 Boer women and Children Were driven from hun farms Which Were torched under Lord Kitchener’s Scorched Earth policies. The attached files are an ima…

MS-13 and Los Zetas Drug cartels stealing millions of barrels of oil and taking over control of the drug trade.

Los Zetas vs Ms 13 from Los Zetas is an armed criminal gang that operates as a hired army for the Gulf Cartel. The group is believed to be led by Heriberto “The Executioner” Castanon. Los Zetas, the Ninth CartelTuesday, May 18, 2010 |  Borderland Beat Reporter Buggs

Major pedophile Somali-Muslim sex gang busted in Minnesota and Tennessee.

In a series of arrests carried out Monday morning in the Twin Cities and Nashville, Tennessee, federal and local authorities broke up a human trafficking ring that provided underage prostitutes. A federal indictment unsealed Monday morning in Nashville details the sex trafficking operations of 29 Somali men and women tied to the Somali Outlaws, Somali Mafia and Lady Outlaws gangs, which are all connected and based in Minneapolis. Of the 29 indicted, 12 were arrested Monday morning in the Twin Cities, eight in Nashville and six were already in jail in various locations. Three remain at-large and wanted.MORE

 FBI-2011 National Gang Threat Assessment 2011 National Gang Threat Assessment – Emerging Trends
view printable version (pdf) The gang estimates presented in the 2011 National Gang Threat Assessment (NGTA) represent the collection of data provided by the National Drug Intelligence Center (NDIC) through the National Drug Threat Survey, Bureau of Prisons, State Correctional Facilities, …