Post-Brexit EU Made 30 Billion Euros from Carbon Permits in the First two Months of 2022; Tasty, Folks, Right? Especially During War (1)

March 11, 2022–Here, I’m catching up and providing some docs supplied by Europe about its response to the fraught geopolitical situation.

From 1 January 2021 to 28 February 2022, the revenues generated from the auctioning from EU ETS allowances amounted to
around EUR 30 billion.

This handy amount allows EU nations to support the needy as they try to deal with surging energy prices.

Makes sense to sell the right to pollute, right, folks?

And I can’t resist the nice chart on the sources of the region’s gas supply:

Here is the EU framework for “exceptional, time-limited implementation of regulated (energy, power) prices, which may be allowed in specific circumstances, such as periods of significantly higher energy prices. To maintain incentives for
energy efficiency and an efficient market, regulatory measures should remain temporary and include a well- defined roadmap for their gradual removal.

Preventing windfall profits:

In the current crisis situation, Member States may exceptionally decide to take tax measures
that seek to capture some of the returns that certain electricity generators gain.

Using Most of the Toolbox

Struggled to make clear. Document here: https://eur-lex.europa.eu/resource.html?uri=cellar:71767319-9f0a-11ec-83e1-01aa75ed71a1.0001.02/DOC_4&format=PDF

2 comments

  1. Yup, you sarcastically point out that governments are selling the right to pollute . . . But hey, so are ALL yer buddies in the ‘Green Energy’ alternatives as well. tesla, last year, sold 2 Billion $$$. Every solar farm and every wind farm did the same . . . All this green energy propaganda is FALSE ! You my friend have been sucked down the Rabbit Hole. It is almost like shuffling the deck chairs on the Titanic thinking that somehow that will help to ‘Right the Ship’ . . . Nonsense !

    There is one big advantage of carbon offsets. If you’re the company selling them, they can be a significant revenue stream! The best example of this is Tesla. Yes, that Tesla we all know and love, the electric car maker, who sold Carbon Credits on the ‘Market-Based Carbon Emissions Trading Exchanges’ to the tune of over 2 Billion dollars worth of credits in 2021, about $2,000 per car, because Environmentalists have declared Electric Cars are ‘Emissions Free’ . . . Emissions Free? . . . is that so . . .?? Really?

    EV’s cause at least 15% more CO2 to be burned per mile driven, then the manufacturers can sell Carbon Credits worth $2,000 per car. Equal to . . . 400 tons more of extra CO2 . . . per car . . . at today’s prices . . . Interesting?

    https://www.academia.edu/49057069/Electric_Cars_Burn_31_More_Energy_than_Gas_Cars

    Please Mr. Carr, I have spent the last 15 years doing independent research on the Environment. I am a Staunch Environmentalist. Yet my views are somewhat counterintuitive. I am anti-propaganda. It’s our job, collectively, to eradicate pollution, Globally, not just from our own back yard. I dig down sometimes where it hurts the establishment. Honesty means taking the counterintuitive view, even if that crosses swords with established thinking. Saving the planet from all of man’s destruction must remain – Goal One. As an Adamant Naturalist, I disassociate from both Climate Change Deniers and the Environmentalist Collective. False and deceptive activism is prevalent in both camps – An evolved, contemporary, Scientific perspective must rule.

    It takes a bigger man to come to a crossroad and learn, than it does to fall on the sword of propaganda . . .

    My Thoughts . . .

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  2. Mr. Carr, I strongly suggest you carefully read this post . . .

    The Irony of The Written Word

    Modern society . . . such an interesting construct. Less than 30% of high school graduates go on to attain Under Graduate Degrees from university. 65 % of those, study in the realm of ‘Letters’, the many fields of The Arts. First, . . . research published works, summarize the findings then, write a legible, well documented and concise review. We have created wordsmiths, not interrogative minds, not scientific inquisitors. Not minds that doubt – respectfully – We have created ‘Intellectual Parrots’. This, . . . represents the learning and rational thinking of the vast majority of our leaders. Teachers, Journalists, Political Advisors, Publicists, and yes Environmentalists. In all these fields of study consensus is the ruling doctrine. Researchers whose works are most often ‘referenced’ rise to the top of their fields. Quality and content are judged not so much by an analytical review of the input data . . . judgement is based on ‘Peer Review’.
    ‘Peer Review’ – Richard Horton, Editor-in-Chief of ‘The Lancet’ . . .
    “Peer review to the public is portrayed as a ‘quasi-sacred’ process that helps to make Science our most objective truth teller, but we know that the system of peer review is biased, unjust, unaccountable, incomplete, easily fixed, often insulting, usually ignorant, occasionally foolish, and frequently wrong”

    Aristotle’s contention that The Earth was the center of the Solar System lasted 1,600 years, or so, as ‘The Prevailing Doctrine’. When Galileo, thanks to Scientific Observation through a telescope, demonstrated that the Sun was the center of the Solar System, the Science supporting this observation was categorically rejected and deemed ‘Blasphemous’.
    Today . . . in the 21st century . . . little has changed. Scientific reviews Challenging Globally accepted ‘Consensus Views’ are treated as ‘Blasphemous Aspersions’ being cast upon ‘The Peers’ and ‘The Researchers’ who have come to be known and loved. More energy is expended defending prevailing positions, than will ever be spent examining the ‘Descenting Science’. Common sense in the face of change, evaporates. Counter-prevailing research and the Authors behind them are defamed, aspersions are cast, while the elite of the prevailing views spend vast energy reinforcing and reiterating their prevailing views . . . At times, even the courts are used to confront ‘Descenting Scientific Research’ that is counter to the prevailing consensus views.
    Galileo, ‘The Father Modern Scientific Methods’, suffered 5 years of imprisonment and lived out his life under house arrest for his ‘Descenting Scientific Research’. The more things change . . . the more they stay the same. Environmentalism, today, is the new ‘Religion’ defining the prevailing ‘Global Consensus Views’ on Climate Change. The 2001 united nations document co-authored by Michael Mann that included his now famous ‘Hockey Stick Graph’ has become the new ‘Holy Grail’. Research . . . any Scientific Research, counter to this Globally accepted consensus view that Climate Change is caused by humanity burning Fossil Fuels shall be deemed blasphemous to the ruling doctrine of our time . . . akin to ‘Satanic Worship’.
    The Truth . . . The Environment as a subject, is Explosive! You speak against its Edicts at your Peril. Accept the truth as prescribed from upon high, or suffer the Scorn and the Ridicule among your peers. Not to mention by society as a whole. Environmentalism is a relatively New Science and it is being truly tested for the first time. If Climategate starting in 2009 is any example, we can only imagine what is yet to come. When that One Stone gets overturned proving Collusion and Willful Deception. The un-scientific foundations that have been supporting the Environmental Movement since its inception will render it . . . Null.

    Sadly, to date, no self-respecting Media Representative wants to risk the Ire of their Peers or the Mandarins ruling the Environmental Movement or The Purveyors of Globalization in our New Social Construct. For they are ‘Brothers-in-Arms’, so to speak. Who wants to be the one to open Pandora’s Box? . . . It would be like pulling Hans Brinker’s finger from the Dyke or Killing the Goose that Lays the Golden Egg . . . The old adage . . .

    There are none so blind as those who will not see . . . How Ironic . . .

    Adamant Naturalist

    Jim Le Maistre

    Aldergrove BC
    Copyright 2022

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