A leading New Zealand carbon trader says international markets can no longer take New Zealand seriously! "New Zealand now a joke in Europe, says carbon trader"
And I'm supposed to find this funny? I read the entire article and I failed to see where concern for the environment figured in the moaning about wanting to exploit the periodic table for financial gain.
"Carbon News quotes Brunel as saying major players in the European market – which was last year worth $US55 billion – have been seriously interested in using the emerging New Zealand market to complement the European market."
I have a better idea. If these guys want to order 300 million bottles of New Zealand air per month at $1.25 a bottle, I say we sell it to them. not just any NZ Air, I'd send them the stuff from Rotorua. The trace elements we just throw in for free. Otherwise, they can get stuffed.
On the other hand, maybe we could offer them the members of the Green Party as some kind of offset or hedge fund? Plant them in Brussels and see if they thrive on the bullshit.
Related Link: Carbon Trading - I'm only in it for the money
And I'm supposed to find this funny? I read the entire article and I failed to see where concern for the environment figured in the moaning about wanting to exploit the periodic table for financial gain.
"Carbon News quotes Brunel as saying major players in the European market – which was last year worth $US55 billion – have been seriously interested in using the emerging New Zealand market to complement the European market."
I have a better idea. If these guys want to order 300 million bottles of New Zealand air per month at $1.25 a bottle, I say we sell it to them. not just any NZ Air, I'd send them the stuff from Rotorua. The trace elements we just throw in for free. Otherwise, they can get stuffed.
On the other hand, maybe we could offer them the members of the Green Party as some kind of offset or hedge fund? Plant them in Brussels and see if they thrive on the bullshit.
Related Link: Carbon Trading - I'm only in it for the money
The environment is simply the goad to make the peasants pay for snake oil.
ReplyDeleteI posted on this clown at no minister last week. Carbon trading is Enron for greenies.
ReplyDelete...and the difference between carbon trading and CDOs would be what?
ReplyDeleteHi Greg - I think you are right - very little difference, and that is the point.
ReplyDeleteThe difference then is that the environmental lobbyists don't use the "happiness factor" of money traders as a reason to feel embarrassed about New Zealand's environmental credentials.
I believe that we can do a lot better managing the environment without having to turn it into a plaything of stock brokers.
Companies who float for capital get it paid once, and yet the shares can be so over-traded fortunes are won and lost without really benefiting the company - they certainly don't get a cut on the turnover, and it is arguable that the company is diverted from a more holistic approach to business by a continual pressure to return dividends to the share holders, for ever, having received a one off loan of capital than run the business optimally.
Take that thought out to the environment, and irrespective of what we actually do, carbon trading will turnover and generate more profit and losses in the actual trading, not the tending to the environment.
I wasn't expecting the Greens to turn to capitalists as their authoritative source for an environmental conscience.
Just watch where your fund "manager" is putting your eggs otherwise you might find your future retirement funds lost in the Great Carbon Crash of 2030.
ReplyDeleteAs the malleable Allan Greenspan might say, "the danger signs were obvious".