"There can be no disputing the fact that despite rising atmospheric carbon dioxide levels, global climate temperatures have been flat for at least the past 16 years, and perhaps a good deal longer. And upon issuing its latest Summary for Policymakers Report (AR5), the UN’s Intergovernmental Panel on Climate Change (IPCC) has finally been forced to admit that its climate models that predicted an impending global warming crisis have grossly overestimated climate sensitivity to carbon dioxide, a trace “greenhouse gas”.
Such unwarranted alarmism has influenced colossally costly and economically destructive anti-fossil energy policies in the United States, Western Europe, Australia and other regions of world. The question now remains how long it will take before broad segments of these populations realize that they have been duped by unaffordable and unreliable climate benefit-premised “green energy” promotions." ....
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"Speaking at a June 12 energy conference in Berlin, Chancellor Angela Merkel had even called for reduced scaling back renewable energy subsidies to contain spiraling costs which have now reached around $27 billion per year. The chancellor noted that “If the renewables surcharge keeps rising like it did in recent years, we will have a problem in terms of energy supply.”
Signs of constructive change are far more apparent in Australia. In September, the right-of-center Liberal Party headed by incoming Prime Minister Tony Abbott resoundingly defeated the Green Party-backed Labor Party following its six years in power. The election was broadly recognized to be a public referendum victory to dismantle and consolidate the myriad anti-carbon global warming-premised schemes spawned under the previous government. That bureaucratic apparatus currently consists of more than 30 programs under seven departments and eight agencies.
A carbon tax was widely blamed as a large contributing factor for record business failures and soaring costs, even for essentials. Chief Executive Mitch Hooke with the Minerals Council of Australia has said that it was costing the economy more than AUD$100 million per week. He also pointed out that a 30% tax imposed by the Labor party upon mining profits adds an additional unsustainable burden, particularly upon the coal sector, resulting in project cuts and job losses."
