'Advocate' says report proves 'once and for all' RGGI is good for NJ. This is impossible since RGGI is completely non-transparent and demands secrecy in its financial dealings with state members. RGGI is run by Wall St. bankers well aware of the failure of cap and trade in Europe. Goldman Sachs and RGGI have nothing to do with clean air and water nor have similar programs.
2/15/12, "Environmental advocates: Christie pact pull-out will cost N.J. hundreds of millions of dollars," Newark Star-Ledger, NJ.com, Matt Friedman/Statehouse Bureau
"New Jersey is passing up hundreds of millions of dollars in future revenue if it doesn’t get back into a regional cap and trade program, environmental advocates said today.
Environment New Jersey issued a report outlining how New Jersey would benefit from the Regional Greenhouse Gas Initiative over the next several years.
In May, Gov. Chris Christie called the program — a regional agreement between 10 states — a failure and began pulling out of it.
A bill to get the state back into the program cleared an Assembly committee two weeks ago, is scheduled for a vote in the full Assembly Thursday and has been introduced in the upper house by Senate President Stephen Sweeney (D-Gloucester).
“We wanted to take a step back, clear the air and set the record straight,” said Matt Elliot, a clean energy advocate for Environment New Jersey. “This report really proves once and for all that RGGI is a win-win, both for NJ’s economy and the environment.”
The initiative caps the total carbon dioxide emissions from power plants northeast and mid-Atlantic states, and sets a goal for reducing the pollution by 10 percent by 2018. The plants are assigned a certain amount of carbon dioxide they are allowed to emit, can then buy and sell credits depending on if they need to release more or less of the gas.
Elliot said that if New Jersey stayed in the program, which he said states still participating want to “strengthen and improve,” it would have gotten anywhere from $340 to $680 million in additional revenue from the program to invest in clean energy programs.
The report also said that expenses associated with the initiative make up less than 1 percent of electric bills, while ultimately it saves money by reducing the amount of energy used.
“The cost of RGGI to consumers and businesses has been miniscule and is likely to be paid back quickly in energy savings and cleaner air,” it says."...via Tom Nelson
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7/28/10, "The secrets 10 states and Wall Street don't want you to know," by Mark Lagerkvist, NJ Watchdog
"Under the RGGI scheme, the smell of profiteering is powerful. New Jersey and nine other Northeast states have sold
- $662 million in carbon dioxide permits since 2008.
image above from NJ Watchdog
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"Wall Street realized there was money to be made by going green." Robert Redford
4/16/2009, "Live from the Ceres Conference: Robert Redford Charms Audience," Green Biz, Amie Vaccaro
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"“I don’t know a single person in the world that would invest a dime based on ETS signals,” Mr Teyssen declared."
2/14/12, "The linchpin of Europe’s effort to curb global warming is at risk of collapse," Financial Times via CFP, Steve Milloy
"Johannes Teyssen, chief executive of Eon, the German energy group that is one of Europe’s largest, stunned an audience in Brussels last week when he pronounced the market broken. “Let’s talk real,” he said. “The ETS is bust, it’s dead.”
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Banks have begun dropping out of European 'carbon trading.'
- UBS Bank freely says the cap and trade program has not helped the climate.
11/23/11, "Europe's $287bn carbon 'waste': UBS report," The Australian, Sid Maher
The 'climate change' issue isn't even about climate but a 'transfer of wealth' as stated by at least 3 UN officials:
1. UN IPCC Nobel winner, Pachauri: ""I am not going to rest easy until I have articulated in every possible forum the need to bring about major structural changes in economic growth and development. That’s the real issue. Climate change is just a part of it."" UN climate chief Pachauri, 2007
2. 11/14/10, Edenhofer, UN IPCC official, "But one must say clearly that we distribute to the climate policy de facto, the world's wealth."...(parag. 5).
And if this happens,
- "Africa is the big winner, and it flows a lot of money there."...(parag. 3).
3. 10/9/10, Christiana "Figueres, executive secretary of the UN Framework Convention on Climate Change (UNFCCC)" said, "This is the greatest societal and economic transformation that the world has ever seen."
- (Figueres' resume, long form, page 5 states she is trained and authorized by Al Gore to deliver his movie, "An Inconvenient Truth.")
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On Goldman Sachs and CO2 fraud from Rolling Stone, July 2009:
"A groundbreaking new commodities bubble,
- called cap-and-trade."...
"A groundbreaking new commodities bubble,
- called cap-and-trade.
- except it has one delicious new wrinkle:
If the plan goes forward as expected, the rise in prices
- will be government-mandated.
- Goldman won't even have to rig the game.
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11/12/08, "Goldman Sachs Buys into Carbon Offsets," NY Times Green, Inc. Blogs
10/27/08, "Street Cred: Goldman Sachs Buys into Carbon Credit Developer," WSJ Blogs (RGGI mentioned here)
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