Mathew Carr

UK carbon price drops 13% as Britain confirms adoption of China-like central planning, deceptive propaganda (1)

Opinion and reporting by Mathew Carr

UK carbon allowance futures are dropping from their recent high as Britain confirms it’s following China and the US down pathways of central planning, deceptive propaganda and erosion of human rights.

This evidence is breaking as PM Keir Starmer visits China this week and has limited success there, so far.

The UK published its five-year strategic plan on Jan. 28 for its so-called “National Wealth Fund.” See document below for download. China is famous for five-year central planning.

Inefficient climate policy such as central planning (also known as governments picking winners) isn’t favored by economists as cheapest ….and it deliberately hurts the people by pushing up costs and debt.

Central planning and “control regulations” can erode competitive tension in markets. That’s bad for prices because it can stoke inflation.

The government chooses less efficient policy, then the efficient climate policy — the carbon markets — need to do less of the work in cutting emissions toward net zero.

Therefore, demand for carbon futures declines, and so do prices.

I would not be surprised if insiders in government and the fund were trading (selling) carbon before the plan was made public.

This government corruption of insider trading has not been dealt with in the UK and it’s a big problem in the US and probably in China too (though I’m less sure of the measures taken by China to prevent insider trading by governments and politicians).

Deceptive propaganda — tricking the people of Britain

— I contend these charts below are deliberately designed to pretend areas other than London are getting a fair share of the National Wealth Fund’s investment

This chart’s London jobs are 3,000 —yet the chart was deliberately designed with a key that goes up to only 2,500. This makes it look like the north of the country is getting the jobs (when it isn’t). Context: Tories governing the country through 2024 famously won elections by promising they would “level up” the north, then they did not do that while in office. This underpins that the country has a uniparty in charge (Tories and Labour). Meantime, the poll-leading Reform Party is not promising much reform at all ….and is converting Tories (becoming the next stage of the uniparty).
This chart chooses a low-value London project deliberately so the London area does not necessarily need to reach the £1 billion threshold that would require it to be colored black! More astonishing deception.

The man ultimately responsible for the deception (though he may not have made the specific choices for these charts):

Source doc:

national-wealth-fund-five-year-strategic-planDownload

Leave a Reply