Not much fanfare but July 1st saw the introduction in New Zealand, of their ETS. Media reports now available at nzclimatescience.com.

Could this be the first domino to fall?

Is this economic lunacy or a courageous Government taking a stand for the planet?

Not quite sure what you mean by the first domino to fall, spindoc.

I hope that it will be shown to be a courageous move by government that will get the ball rolling.

We'll see.

NO...It's not

"Economic lunacy"

nor

"a courageous Government taking a stand for the planet?"

It is a move which will guarantee HUGE financial reward for those like BOB CARR who run carbon trading companies. (ENVEX) and of course.. 'ME' and my mate David Blood and Dr Richard Sandor and our mate at the UN "Maurice Strong" ALL of whom have major investements in carbon trading exchanges.

MAURICE STRONG (Earth Summit) Director, Chicago Climate Exchange.

Al GORE Chairman 'Generation Investment Management' which has HUGE shareholings in the CCX and wants to pick up money from the other side too.. "Offsets" companies.

DR RICHARD SANDOR did the feasability study for the CCX and concluded it was a 10 trillion dollar a year business.. they made him CEO.

KATHY ZOI... Assistant secretary of Energy in the US..has huge shareholdings in Ladis and Gyr.. our smart "SmartMeter" makers.

Many others.

They are Capitalists in Socialist garb.. what they want is POWER.. to keep the money flowing, carbon TRADING is how they can do it. They already 'own' the industry.

Please..please... make me richer..RICHER than I already am.. just BELIEVE me when I tell you the "End is Near" and force your governments to enact emissions TRADING laws.

I promise I will not brand you with your 'mark' on your right hand or forehead for at least a few years....

Jussst in case some one thinks I'm woffling.

http://www.globalwarming.org/2010/06/14/obama-blocked-clean-up-of-bp-oil-spill-by-friendly-countries-international-assistance-blocked-by-regulations-obama-had-the-authority-to-waive/

//One giant skimmer on its way to the gulf is the A Whale supertanker,
which can skim more than 100,000 barrels of oily water a day. Yet
before the Taiwanese-owned, Liberian-flagged A Whale can go to work it
too will need a Jones Act waiver.//

with years of Helen Clarke and now this ridiculous tax grab its no wonder we are being invaded by Kiwis.

I suppose there might be some merit in being the first Lemming off the top of the cliff..... or in front at the charge of the light brigade

But I cannot quite put my finger on what merit it might be?

- unless it is the selfless pursuit of self-righteousness

This really is a pet of yours AL. Quite right though. I do agree that if we are to do something serious on the whole carbon pollution issue an out and out tax is the way to go. This of course will not happen as the sell is too hard and big business don't stand to profit from it. no matter where you see the problem if it's not profitable it's not happening.

AlGore etc
I cannot find ENVEX on the ASX, do you know its asx code or correct name.
Nothing like getting in at the start.
The shares are certain to rise if Labour wins the election.

The economis and author Tor Hundloe in his book,
"From Buddha to Bono: seeking sustainability,"
tells us that:

" Economists know that pollution, resource degradation,
and all sorts of negative environmental impacts,
come at a genuine cost to society. One person's
free disposal of toxic waste is another person's
cost.

The costs can be severe and life-threatening, as with
water-borne diseases and particular air pollutants.
These facts we are aware of. Depending on how climate
change plays out, extreme wather events could be more
like a nucelar war, and come at the expense of all.

In the early 1970s - well over 30 years ago -
OECD (the Organisation for Economic Cooperation and
Development) recommended the use of pollution taxes.
Over 80 years ago, one of the last century's most
emminent econocmists, Pigou, called for the same thing.
To this day pollution taxes are named after him.

It took the medical profession from the 1960s to the
present era to get the public, and the governments
we elect, to act on the toxic, life-taking efforts of
tobacco. Eventually sanity prevailed, although it took
40 years."

It is clearly time for governments and economists to
commence their campaign for pollution taxes and getting
prices to tell the truth. With all their power and
influence in society and government, economists are
sitting on their collective hands. Not good enough.

New Zealand has set an example - let us only hope
that this is just the beginning.

Yes, New Zealand does it again... The same country that abandoned its air force a few years back, using the logic that Australia would use its much bigger defense force if needed. Well thats cool, so long as they dont expect us to foot the bill yet again.

The issue with Australia, is that coal represents about 12% of our economy. We would love to jump on the trendy bandwagon, and bash ourselves over the head about how we are all going to die in a ball of burning methane unless we pay 30 or 40 cents per kilowatt hour and have the price of Gold/Oil/Carbon on the news. The reality is, we will still do what we do regardless. The biggest carbon polluters are not going to be affected at all, it is silly to think the kind folks at Ergon energy would be remotely concerned what my electricity bill is, they will simply tack on any extra taxes to my bill.

Our wonderful beancounters in Canberra are frantically trying to cook up a system that has a bob each way, so we appear concerned but have no further responsibility for the coal we dig up and export. Kind of like how tobacco companies go on about people having free choice, and attempts to obfuscate unhelpful facts that can get in the way of a promotional campaign.

Dear Foxy...

you are ok on the pollution tax idea... you only err in my opinion by using NZ as an example of a solution.

They have implemented an emissions TRADING scheme..and the only thing that 'solves' is the financial obligations of high powered politicians for their next holiday house of E class Mercedes.

Yes....to an element of financial responsibility for us.... no to making fat cat politicians and their opportunistic hangers on incalculably wealthy through 'trading' carbon credits.

"Trading" just places all the evils of a stock exchange into the hands of already wealthy people who can now add "carbon trading" to their 'futures' speculation and market manipulation practices.

Think Enron... Goldman Sachs...etc.

I'm surprised you are so naive on this. (or..do you have shares in the CCX ? :)

AGIR that CCX code is not on the ASX. What exchange is it on ?
Knowing what a fan of the US Bob Carr is it is probably on a US exchange. Is it the New Zealand exchange ?

Now Al Gore etc, you wouldn't be pulling our collective legs would you ?
CCX is not on the New Zealand exchange either.

So come clean where is it ?

BAZZ.. well observed mate.. no the CCX might not be on the ASX.. u know why ? :) because it IS an exchange by itself.

It's like the NYSE but for 'thin air' rather than shares.

You ought to do some digging mate.

As for these NZ mob.... (crafty look...half closed eyes)....wellll..I reckon some digging will reveal some interesting connections :)

Here's a question for you Bazz.. the CCX is small compared to the company which just bought it out.. (CLIMATE EXCHANGE europe)..but oops... Dr Richard Sandor..CEO of the CCX is suddenly now the CEO of the MOTHER company..

That's like BHP buying out some small mining company with one mine.and suddenly the small miner CEO is made CEO of BHP ! ! !

It just doesn't compute mate. Something verrrrrryr FISHy going on there.

Well thank god for small mercies.

I used to look over to NZ, see Helen Clarke, & feel sorry for all the kiwis. Not too sorry, as they did do it to themselves.

It is a good thing their new lot have been silly enough to bring in a carbon trading scheme.

If we did not have that bit of foolishness to laugh at, they would have it all over us now with Julia.

Anyone want to place a bet on which of the ladies will prove to be the worst?

Well AGIR for your information the ASX is on the ASX, so it was not
unreasonable that I thought you were quoting an ASX or NZX code.

What is the proper name of the company ?

If I know that I can look on the ASIC web site.
I wonder how many pollies have interest in the carbon exchange ?
If Bob Carr is involved it would be likely that he has introduced it
to his Labour mates.

Hey, Belly have they sold some shares to you, HI !

Here are a couple of tidbits for you Bazz :)

'Chicago Climate Exchange'... CCX...

http://www.chicagoclimatex.com/

Judging by the graph...it sure ain't workin out as Al Baby thought it would :)

Try this Bazz.

http://www.generationim.com/about/team.html Who is the Chief ?

Now try this:

http://www.climateexchangeplc.com/investor-relations/shares-in-issue-top-10-holders

Note the 5th shareholder down the list.

Do you see anything of interest ? :)

On the NZ one.. if I had time, I'd dig dig dig and look for the Labor /socialist/progressive/green connections.

AGIR;
I am afraid Generational Investment Management LLP means nothing to me.

It appears that Chicago Climate Exchange (CCX)is a subsidiary of
Climate Exchange PLC a London based company, which has another subsidiary
European Climate Exchange whose credits are around E15.
Now I don't understand if this the exchange that is normally quoted
and whose price fell from about E30 to E1 earlier this year.
It probably has recovered somewhat.
The CCX is voluntary for purchases of units but the European carbon
credits are compulsory purchasing.

Climate Exchange is in a takeover process by Aether PLC at present.

AGIR,
Generational, which has a small interest in CCX, and has Al Gore
as its chairman does not seem to be a very remarkable organisation.

In some circumstances Al Gore could have a conflict of interest but
not to the extent it could be considered significant.
I guess he would say putting his money where his mouth is.