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Global Warming Alarm: Continued Cooling May Jeopardize Climate Science And Green Energy Funding

Larry Bell — Forbes — April 30, 2013

The past 17 years of flat global temperatures are creating a big chill for lots of global warming doom-premised industries. Those experiencing cold sweats must certainly include legions of climate scientists who have come to depend upon the many tens of billions of taxpayer bucks for studies that would have little demand without a big crisis for the public to worry about. And that amount pales in comparison with the hundreds of $ billions we spend on generous subsidies, lost tax revenues and inflated consumer costs for otherwise non-competitive “green energy” industries which depend upon those scary climate reports, or the insane economic penalties imposed  upon all segments through EPA’s climate-premised regulatory rampage.

Cooler temperatures blow ill-winds for government bureaucrats, crony-capitalist rent- seekers, and other hucksters whose ambitions depend upon hot air.  Even Western Europe, the cradle of carbon-caused climate craziness and cap-and-trade corruption, is feeling a cold draft. As Alister Doyle, reporting from Reuters in Oslo, recently observed“Weak economic growth and the pause in warming is undermining governments’ willingness to make a rapid billion-dollar shift from fossil fuels. Almost 200 governments have agreed to work out a plan by the end of 2015 to combat global warming.”

In April, the Parliament in Strasbourg voted against artificially propping up the price of Emission Trading System carbon permit prices following the collapse of energy demand in connection with the Continent’s economic crisis. While the low price of carbon allowances is great for energy customers, you can be assured that it is viewed very differently by so-called “renewable” energy and carbon credit trading promoters who depend upon higher-than-market fossil fuel prices to stay in business.  The Parliament’s veto reflects encouraging recognition that unwarranted, economy-ravaging carbon rationing is a feverish folly.

Gosh…Where Did All of Those Expensive Climate Models Go Wrong?

 Continue reading, here….

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