lentaubman,

There are people in eastern Australia who in their present flooded condition would agree with you ... but my preference is to get rid of CO2AL.

A good article my Mathew wright and in particular the need for

"Bottom-up policies will lay the foundation for an international agreement on climate change. Strong action at home is the best way to leverage other nations to take the steps required to successfully decarbonise the globe. Australia can be a model for what is possible, but this hinges on the ability of the Gillard Government to deliver tangible outcomes in 2011."

Note also Dr Birol of the Internatioanal Energy Agency said "that the world's production of conventional crude oil may have already peaked as long ago as 2006."

In Austrlaia there is need to conserve gas as a transitional fuel to ensure that the demand for oil is greatly reduced. A short term global gas glut is a disaster for the worlds poor in the long term. Gas as a transitional fuel has been the policy of the Greens for years.

Using tidal power in the estuaries on the north coast of australia and at the heads of Port Phillip Bay to generate electricity Is another technology option that is well developed in France and in South Korea. Which Mathew Wright should consider

PEST

Note to the author. Do you really think a totalitarian regime like China really cares about the climate when they care little about their own citizens? The naivety in this article is breathtaking. China makes a few green initiatives to use as a bargaining tool in emission negotiations and immediately becomes heroic to some naive Greenies.

Anyone who holds China up as a paragon of virtue should ask themselves why China is getting so hot under the collar about one of their dissidents receiving the Nobel Peace Prize and why has it murdered so many of its own citizens and those in other countries.

CANCUN simply reminds us to be eternally VIGILANT about scumbag pseudo socialists making or positioning themselves to make mega Capitalist Dollars from 'Green' trends in the so-called Climate Change industry.

CLIMATE CHANGE ENTREPRENEURS

I'm ONE of them...my mate Maurice Strong is another. Bob Carr our buddy at Envex is another, our mates in Landis and Gyrr making smart meters are also on board, and in my case, my massive investment in 'Smart Grid' technology is already paying off as Russia has jumped on board with a huge 'Smart Grid' deal with the USA.

GLOBAL WARMING INVESTMENTS.

I'm not doing so well in my Carbon Trading investments, but hey..swings and roundabouts..I'm doing fine on Smart Grid investments. I put Kathy Zoi into the Dept of Energy to ensure my investments are looked after by an old boy/girl demobrat Insider.
She is making megabucks out of the smart meters you dumb Aussies are being forced to buy (Don't you love politics)..in which Kathy has very large shareholdings.(along with her Husband ..of course)

JUSSSST IMAGINE how things would have gone if I'd WON the presidency eh ? :)

Yes Spindoc, you are wrong, but only a little.

That $100bn a year is not going to go to poor nations, at least not more than 10% or so. It's to go to the UN to enrich it's chosen supporting elites. It's sure that they would not be rushing into print at this particular moment, if they didn't expect to do well out of it.

Well there you have it Hasbeen, we were both wrong. Cancun only managed to $30bn of our money this year but they do have plans to get the other $70bn a year out of us in future. So the UN is on budget.

Not that they have worked out who or how these “Green Funds” funds will be distributed but I guess we do trust them to get it right?

Interesting that even prior to Cancun international UN aid has been re-badged as “Green Aid”. As I understand it this stops despotic regimes from spending this money on RPG’s AK 47’s and light tanks or opening Swiss Bank accounts.

It is great that an international agreement on money has been reached though. The issue of climate change has been comprehensively sorted out with the “absolute commitment to the possibility of having discussions about further progress in the development of a draft process to verify the carbon reduction initiatives of each signatory and to give each the basis for taxing their population and give the proceeds to the poor”.

It is not possible surely, that anyone swallows this nonsense?

Anyway, get the public purse opened for the next holiday in Durban