Saturday, December 23, 2006

Chinese Find World's Largest Loophole

Engineers have found the world's largest loophole in a chemical plant in Quzhou, China. Details are sketchy but according to the New York Times there is an incinerator project at the plant that is worth $500 million on the floor of the Kyoto/EU carbon trading market, but only costs $5 million to build.

In keeping with the Times's policy of not disclosing the facts behind its stories, it is unclear whether this sale has actually occurred or is merely inside a fortune (I'll say!) cookie. No knuckle headed buyer is named.

The flim to this flam is that the incinerator would burn trifluoromethane, or HFC-23, a very potent greenhouse gas that is produced and emitted at the factory here and in several dozen other plants in developing countries. Eliminating the plant's HFC emissions is Kyoto equivalent to eliminating one million cars, without the drivers even noticing.

The Chinese have always said that the Europeans and Japanese are dim witted barbarians. Case closed.

The Washington Pest

5 Comments:

Blogger Louis Hissink said...

Europeans are dim-witted barbarians?

A well known Polish scientist who has grave misgivings about ice-cores etc called them "retards".

It seems we have a consensus on this aspect of AGW belief.

December 23, 2006  
Blogger Kennedy Maize said...

Koreans recently fired up the world's largest landfill gas project, at 50 MW, located in Inchon. The private developer Eco Energy, which will operate the plant for 11 years and turn it over to the Korean government, expects to double the annual profits from the sale of electricity by winning "clean development mechanism" Euros from the UN, because methane is a much more potent greenhouse gas than CO2. In the meantime, the project backs out enough imported fuel oil to generate 50 MW of power.
Does this make sense? I know it makes sense for the developer-operator. Whether it makes sense globally strikes me as unlikely.

December 26, 2006  
Blogger The Washington Pest said...

UN-speak for all of this under Kyoto is "differentiated responsibilities." Developed countries are obliged to offer developing countries money and the latter are obliged to take it. This is why every developing country has signed up to Kyoto. It is also why they will not accept binding targets because then they would have nothing to sell. In the meantime they are burning coal like crazy. So funny it hurts.

December 27, 2006  
Anonymous Steve H said...

How do we know polar bears have been white for 300,000 years? Were they white (or at least dependent on ice) during the Medieval Warm Period - wasn't there a lot less ice then?

The methane buyback has me wondering too. How much methane does a cow emit in its lifetime? Does this mean that by eating steak we are saving the environment by decreasing bovine flatulence? Can we get a tax credit for that when we go to a restaurant, like a Kyoto thing? Maybe we could just get free hamburger at the grocery store...

I'm planning on starting a ranch with 100,000 head of cattle. If I don't, can I just retire on the buyback? Do I apply through the UN, and what percentage do they get?

January 01, 2007  
Blogger The Washington Pest said...

Climate models do not recognize (cannot find) the Medieval Warm Period, so the issue is mute.

You can get UN Kyoto credit for cows not bought, especially in Argentina and Brazil. The UN annual flatulence emission factor per cow is equal to a Honda hybrid operating in New Jersey or Italy. Apply to the UN Global Deception fund (GDF), Cheater's Development Mechanism (CDM), Department of Wasted Energy. You will need a list of the cows not bought, including USDA global tracking number, a reasonable facsimile of which is available in Hong Kong. The UN does get a dealer's cut, of course, on all CDM transfers. It's their game.

January 01, 2007  

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