Posted by: Grant | August 29, 2012

Yes, I Had To Lie To You.

Last week he was blandly defending and strongly supporting the floor price on carbon credits/offsets – this week he’s not.

Greg Combet,  like Penny Wong before him, is the consumate party apparatchik.

“War is peace. Freedom is slavery. Ignorance is strength.”

“Doublethink means the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them.”

– George Orwell

Sad thing is, Greg would not be personally unhappy with this characterisation of him. It’s his job and he does it well.

POSTSCRIPT – BTW these are not “market sensitive matters”, the “carbon market” collapsed a long time ago. Nobody would buy a carbon credit unless they were forced to and the EU Commission sets the artificial price itself. The lies from Mr Combet flow so easily off his lips you really don’t know what to believe anymore do you?
Carbon markets – Complete Disaster in the Making
The world’s only global carbon market is in need of a radical overhaul
Sep 15th 2012 | from the print edition
The trouble is that the supply of credits has far outstripped demand. The one-billionth CER was issued on September 7th. But the largest greenhouse-gas emitters either did not ratify the Kyoto protocol (America) or were not obliged by it to cut emissions (China and India). That has left Europe as the main source of demand for credits, and the CDM has become a sort of annex to Europe’s cap-and-trade scheme, the Emissions Trading System. But the euro crisis has reduced industrial activity (cutting pollution) and European firms were anyway given overly generous carbon quotas under the cap-and-trade scheme. So carbon prices have collapsed, falling from $20 a tonne in August 2008 to below $5 now (see chart).


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