Forget the dire economic consequences of a Copenhagen climate change treaty for a second and think about the fraud involved. Carbon Trading Fraud Take the European Union, for instance, which implemented a carbon trading scheme analogous to a cap and trade system. And it has been fraught with fraud. French officials are investigating a $230 million carbon trading fraud scheme and this is only the tip of the iceberg in what is a startling revelation and huge blow to the climate talks in Copenhagen: Europol, the European Union’s law enforcement …
Farming is very energy-intensive. Farmers use a lot of electricity, a lot of diesel fuel, and a lot of natural gas-derived chemicals and fertilizers to grow crops and maintain their farm. So it shouldn’t be surprising a cap and trade program that artificially drives up the cost of energy will unfavorably affect farmers. What may be surprising is how unfavorable these effects are, causing expected farm income (or the amount left over after paying all expenses) to drop $8 billion in 2012, $25 billion in 2024, and over $50 billion …
