The sheer lunacy of the European and American fiscal policy for promoting "Green energy" is encapsulated in a quotation on page 264 of this book " Unlike traditional commodities, which sometime during the course of their market must be delivered to someone in physical form, the carbon market is based on the lack of delivery of an invisible substance to no one." , The author adds the deceptively neutral remark *The integrity of the scheme depends on the credibility of the validations," Having neatly set the scene he then demonstrates how the carbon market not only rewards dishonesty and corruption, it is as though its architects have perversely designed it to ensure such vices should be widespread, but also does nothing to achieve the goals which are supposed to justify its existence.
Many of the arguments in this book have been made elsewhere by other authors ( the inefficiencies and expense of renewable energy; the mirage of "green jobs" created on the back of massive public subsidy which do not have a deleterious effect on the ordinary job market;the wilful blindness of our politicians to the intentions and expectations of developing countries). The added value in this book is that it brings all these elements together and using very plain, sometimes pungent, language and sticking closely to hard economic facts shows the extent of our current folly. It would be nice to think that senior officials in the Department of Energy and climate change would each a receive a copy in their Christmas stocking and be made to read it. But I fear that too much political capital has been invested in the new pseudo- religion of sustainabiity for it to be taken into account. What Matthew Sinclair is preaching is heresy and his awkward facts will be brushed aside in defence of a transcendental truth which must be protected.
in his conclusions Sinclair acknowledges the formidable special interests which defend the status quo . He urges his readership , on the assumption that they agree his line of argument, to keep up the good fight. I think he might have drawn more on a projection of his own economic material at this point. If he is correct about the economic consequences of current policies, and I think he is, then their comes a point where no matter how dominant the creed in government circles , the media and among the bien pensants neither the balance sheets nor the growing noise from the shivering mob outside the window can be ignored. Perhaps this expectation is sub consciously reflected in his title.