The ‘Individual’ Carbon Trading Scheme – Global Wealth Redistribution Gets Personal

Posted on September 24, 2010 by notalemming

The Architect of Constitutional Destruction

This ‹blockquoted› column below was posted in June 2010. I just found it to be very enlightening way to see how the government plans to take wealth away from Americans.  So I have republished it here for those that do not yet understand what and how Cap and Trade will effect you on the individual or personal level please read on.  Folks this thing is going to cost you BIG.  And what is it really all about? ‘Wealth Redistribution’.

Your money is going to be looted from you and given…… Not to the salvation army. Not to your local Church. Nope not a homeless shelter. Not a food bank. Nope it is not for a womans rape center.  But it is going overseas to aid with ‘Global Governance’.  Leveling the “Economic” playing field for poverty stricken countries with those that excelled because they understood the advantage of the free markets and Capitalism.

Yes ‘Wealth Redistribution’ and ‘Global Governance’.  So you say you voted for Obama so you would not have to pay your mortgage or worry about buying gas for your car anymore? Well let me put it this way.  You better move to the Congo or Burma or perhaps Kenya if you plan on seeing that ‘Redistributed Money’.  Mr. Obama has no plans of taking the money from rich Americans and giving it to poor Americans.  Nope, the plan is to take money and wealth from ALL Americans and give it to the poor counties in the United Nations Global Member Charter.

Yes that is right Obama Voter! You won’t get a drop of free gas for your mooching ass, not in America.   We tried to tell you who and what this man is and you would not listen.  So lets look at a bit further and see whats on the the slate for you.  The  ’Personal Carbon Trading’ financial Scam designed specifically to pick your pocket.

How does personal carbon trading work?

Carbon emissions from the oxidation of organic fuel sources make up around 70% of the world’s greenhouse gases. These can now be accurately measured and attributed to the specific quantity of energy usage (ie, per unit of fuel, electricity, heating, cooling, etc) on a per capita basis.

Individual carbon emissions, and hence energy use, are thus able to be given a value that can then be traded on an open market, like any other commodity.

The proposal for individual carbon trading, first mooted by Aubrey Meyerof the Global Commons Institute in the United Kingdom in 1996 and expanded upon by others, stimulatedinterest in the development of a workable financial incentive system that provides equity and efficiency in reducing nonrenewableenergy use and greenhouse gas emissions.

It proposes this through a system of “Contraction and Convergence”, with annual contraction of global carbon emissions over a number of years to an agreed sustainable, safe level, and convergence towards equal per capita emissions globally through trade of emission rightsbetween frugal energy users (usually the poor) and profligate emitters (usually the rich).

An individual carbon trading system overcomes the huge deficiencies of current carbon offset systems, where trees are planted in the hope that they will “soak up” atmospheric carbon. Known by a number of names, perhaps the most current of which is TEQs (tradeable energy quotas), the scheme is based on the premise that about 40% of all energy use occurs at the individual and household levels.

Hence, while a corporate “cap and trade” system for carbon emissions (now accepted by most {a few } governments) may help reduce greenhouse gases, if the demand for energy among consumers remains high, the marketplace will overcome price rises.

For a personal carbon trading scheme, the plan is to allocate every individual an equal number of tradeable energy units per year, based on about 40% of a total budget (that includes both personal and corporate quotas) set by a central budgetary council. Each unit is equivalent to 1 kg of carbon released through energy usage.

Trade of units is conducted either through existing credit cards, or through a carbon card system administered by banks.Individuals who are left with carbon credits (ie, those who are frugal with non-renewable energy use) are then able to sell these back into the marketplace, thereby gaining financial benefit.

Those who overuse their quota pay a premium price for extra energy use. (A complete summary of the proposed practical applications of the scheme is available elsewhere.)

This system has equity, in that convergence occurs within countries from rich, high-energy users to poor, frugal users, and between countries, also from rich to poor, serving as a more empowering alternative to aid. Unused units are retired, with a view to contraction of the total energy budget to a sustainable level.  Source: lifestyleismedicine.com

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