Monday, January 4, 2010

The putative experts on climate change make serious money from the issue.

http://tinyurl.com/y9536c6
The questions Dr Pachauri still has to answer
At the least, Dr Rajendra Pachauri's IPCC position as the world's "top climate official" has been earning a substantial income for Teri, the institute he runs. By Christopher Booker
Published: 6:01PM GMT 26 Dec 2009
...ever more questions are now being asked not only over the validity of the science behind the belief that man-made CO2 is causing runaway global warming but about the methods being used to meet that supposed threat.
In last week's Sunday Telegraph Richard North and I wrote an article revealing the worldwide business interests of Dr Rajendra Pachauri who, as chairman since 2002 of the UN's Inter­governmental Panel on Climate Change, is the world's "top climate official"...where Dr Pachauri is director-general of The Energy and Resources Institute (Teri), based in New Delhi, the country's most influential private body involved in climate-change issues and renewable energy. In addition, as we reported, Dr Pachauri also holds more than a score of positions with banks, universities and other institutions that benefit from the vast worldwide industry now based on measures to halt climate change...When asked whether he intended to take legal action over our article, Dr Pachauri replied that he hadn't yet made up his mind. ...Teri denies that it does not publish its accounts simply by stating that its accounts are supplied to the relevant tax authorities.
Dr Pachauri repeatedly denied that Teri still has any links with the Tata Group, India's largest privately-owned business empire... which set up Teri as the Tata Energy Research Institute in 1974. He now claims that Teri has had no "direct links" with Tata since 1999 (or, in another interview, 2001). But it was not until 2003 that the name changed to The Energy and Resources Institute, and then a Teri spokesman explained that "we have not severed our links with the Tatas" and that the change of name was "only for convenience"......At the least it seems that Dr Pachauri's position as the world's "top climate official" has been earning a very substantial income for the institute of which he is director-general; and the only way to avoid further questioning must now be for both Dr Pachauri and Teri to come out into the open over all those issues that remain obscure....what Dr Pachauri is paid by us all as chairman of the IPCC, a figure that remains confidential. Teri should make public its accounts, including details of all payments it has received from Dr Pachauri's work for other organisations – particularly those that stand to benefit from policies arising directly or indirectly from the recommendations of the IPCC. There is no question that Teri, an organisation employing 700 people, based in lavish offices near the exclusive residential enclave where Dr Pachauri lives, in one of the most expensive homes in Delhi, has become a very successful enterprise, with connections in the profitable field of "sustainable energy" all over the world....two research contracts for Bill Clinton's Global Initiative, which is helping to build the world's largest "solar park" ...this project is due to return an estimated $2 billion a year on an initial $10 billion investment....plan by a Tata subsidiary to build one of the world's largest coal-fired power stations in the state of Gujarat. Nearly $1 billion needed to build the 4 gigawatt Mundra plant is being supplied in cheap "green loans" by the World Bank and the Asia Development Bank (to both of which Dr Pachauri acts as an adviser), because the plant will emit CO2 at a "lower intensity" than older power stations in India. For the same reason, the plant will also qualify for a potential $560 million in "carbon credits" under the UN's CDM scheme, which can then be sold on the world market....it is Tata which next month is to close down its Corus steel works at Redcar, to make a potential £600 million in "credits" from the carbon emissions this will save, while in India it will earn a similar amount in UN CDM "credits" by building a plant of similar capacity in Orissa. It will thus make a potential gain of £1.2 billion, at the expense of 1,700 jobs on Teesside, for no overall reduction in the amount of CO2 emitted to the atmosphere. Truly, as the snow falls, does the business of saving the planet from global warming become more convoluted and more lucrative by the day.

No comments:

Post a Comment