Deep inside the legislative language of the falsely titled “inflation reduction act”, aka The Green New Deal legislative vehicle constructed by lobbyists and passed by congress, people are now starting to realize a carbon-trading system was created.
Ultimately, a carbon trading system has always been the holy grail of the people who run the western financial system and want to create mechanisms to control wealth by using the ‘climate change’ agenda.
A carbon trading system is a very lucrative financial transfer mechanism with a potential scale to dwarf the derivative, Wall Street betting, market. Secondarily, such a market would cement the climate change energy policy making it very difficult to reverse. The new creation as explained by the Wall Street Journal, holds similarities to the EPA ethanol program.
BACKGROUND – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year. Approximately 40 percent of corn grown in the U.S. is used for ethanol. Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn).
The EPA enforces the biofuel standard by requiring refineries to submit purchase credits (known as Renewable Identification Numbers, or RINs) to the Environmental Protection Agency (EPA) proving the purchases. This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have the infrastructure to do the blending process. They purchase second-hand RIN credits from parties that blended or imported biofuels directly. This sets up a secondary income stream, a trading market for the larger oil companies, refineries and importers.
Understanding how that system operates, back in June I said, ‘the RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place’. Well, based on the legislation within the Green New Deal/Inflation Reduction Act, that’s exactly what is happening.
(Via Wall Street Journal) – WASHINGTON—A brand-new market for green tax credits is taking shape as bankers and advisers figure out how to funnel tax breaks from energy companies that generate them to profitable corporations eager for smaller tax bills.
The market is forming because Congress last month expanded renewable-energy tax credits and made them transferable in the law known as the Inflation Reduction Act.
[…] The tax-credit sales mark a shift in the U.S. strategy for attracting public and private capital to renewable-energy projects, and they will happen alongside existing climate-finance markets such as carbon offset purchases. The deals won’t start in earnest until 2023, but lawyers and financiers are already structuring transactions. They are discussing arrangements in which credits would be sold at discounts from face value, and they are determining how to cushion tax-credit buyers against potential risks.
“The conversations are happening. The market making is happening right now,” said Nicholas Knapp, senior managing director at CohnReznick Capital in New York.
Within a year or two, it could be easy for a corporation with no direct renewable-energy investment — a profitable retailer, pharmaceutical maker or high-tech company — to purchase tax credits. Because of the expected discounts, companies could earn an instant profit, paying $90 or $95 for a $100 coupon off their income-tax liability.
These transferable credits, however, expose a potential dilemma for Democrats. The party aimed to raise corporate tax bills and prevent large, profitable companies from paying too little. But the tax-credit transfers open a new avenue for many of those same companies to pay less.
“They can basically purchase the tax credits, advance their ESG goals and get certain economics from the credits without taking any construction or operational risk of the project,” said Hagai Zaifman, a partner at Sidley Austin LLP in New York who helps structure renewable-energy deals. (read more)
We know exactly who we have to thank for this, West Virginia Senator Joe Manchin.
Now watch what Senator Joe Manchin’s family starts doing.
I want to preface what I’m about to say, with a statement of my belief. I’m not a Christian or a religious person. I don’t want to offend any of my Christian or religious friends. My mind is wide open, and I don’t reject these things either. I’ve studied nearly every available ancient text in my lifetime. Which is why I see the Christian Apocalypse, or better known as, ‘The Book Of Revelations’ as a plagiaristic mash-up of several, more ancient texts. I don’t see it as anything other than an announcement of long-term plans. I don’t see it as woo, or supernatural. However, if you want to know what TPTB have in store fore us, I suggest that you get well acquainted with it.
According to these plans, the so-called ‘mark of the beast’ financial system is unfolding right before our eyes in real time. A ‘mark’ is a unit of currency, like a dollar. The number of the beast is also the number of man. And so is the number of the plants, and the number of the bugs. Its 666. The number 6 on the atomic scale represents ‘Carbon’. Which also means that it has 6 protons and 6 electrons. Thus 666.
The number of the beast, 666, represents all Carbon-Base life on earth. Remember this, for when they introduce a digital global currency, which will be backed in some way, by the Carbon scam. Read the BOR if you want to know what the WEF is resetting. Hint: Hitler tried to do the same thing, with the 3rd reich lunacy.
616 vs. 666: Which Is the Real Number of the Beast?
4 Jun 2022
https://escapeallthesethings.com/666-616-number-mark-of-the-beast/
You may have seen in the news recently that a fragment of the “oldest NT manuscript” was found to say in Revelation 13:18 that the number of the beast was 616 instead of 666. Since several people have asked me about this topic, I’d like to comment on it.
I’ve seen that. And many other alternative numbers over the years. I just wish we could find the source document of the NT!
Check out this Locust swarm (Lo-Cost Unmanned Swarming technology) :
” And it was commanded them that they should not hurt the grass of the earth, neither any green thing, neither any tree”
As these plans are being carried out, people are going to miss it because they’re looking for supernatural woo. Not looking for them with modern eyes, but rather through a post bronze-age lens.
Revelation
6build 6back 6etter
The person who wrote Revelations didn’t know about the periodic table.
The Greeks and Romans most certainly did. Look it up.
Everything that is being done, has been done is a lie.
Climate cash? Who says you can’t make money appear out of thin air?
Thanks again for the heads up, Sundance.
can I sell my carbon credits? I dont fly. lots of other credits I might have — where is the market?
You are the Carbon Credit.
This is a Corporate/State Mechanism to transfer your wealth, your freedom and your life to the Borg.
“
Soylent GreenCarbon Credits is people!”‘Resistance is futile, you will be assimilated…’
A carbon trading system is a very lucrative financial transfer mechanism with a potential scale to dwarf the derivative, Wall Street betting, market
The “derivative market” currently has DEBTS held by the ISDA Banks near a QUADRILLION dollars, if this is going to DWARF that we are really in a situation!!!!
Here’s the problem with the analogy: were someone so inclined, they could create as much carbon pollution as they want outside the strictures of a carbon exchange mechanism. Not many people can produce homegrown biofuel. Carbon/Carbon compounds? Different story.
It should be illegal to not know what’s in a Bill before it passed. Here’s hoping the republicans can deal with this ‘young’ Green BS, better than they did the ACA, a Bill that was upfront.
Still awaiting an explanation of how much an “environmental justice initiative” costs, and how it is priced.
My husband was a trader at the Merc when they set up the CCX in Chicago. Any real trader at that time, knew this was the biggest scam job going.
The CCX was started with funding provided by the Joyce Foundation (Soro’s money). At the time, Obama was a board member of the Joyce Foundation. Side kick Val Jarrett also sat on the board. It was reported Obama funneled money to Ayer’s brother and to form the CCX. (Hyde park groupies) London based GIM purchased a huge stake in the CCX. The founder of GIM was Vice President Al Gore along with Goldman Sach’s people.
Once the negative public opinion became great enough, the CCX was sold to a commodities trading company and eventually closed. https://www.foxnews.com/politics/collapse-of-chicago-climate-exchange-means-a-strategy-shift-on-global-warming-curbs
Their faith in the religion of climate change has always been rooted in a more materialistic concern. Now, retooled it comes back as designed.. who really believes Obama isn’t running things?
They’ve always wanted to destroy the economy; achieve government control; and limit freedom.
“There is no worse heresy than that the office sanctifies the holder of it.”
We have elected representatives who purposely hide their objectives deep in legislation with no public knowledge and/or debate.
The problem is worse in that nobody from either side brings it to the attention of the American people.
Why?
This may have been added earlier in the comments section. BUT the RIN system has been in place for over a decade. Apparently many people have not been aware of it. It allowed the biofuel industry some public financial support. However the big agriculture group just raised their prices enough to absorb the credits. The fuel industry gets little or nothing.
This is a communist takeover. A soft revolution.
A brand new way, for a small cabal to become the wealthiest people on earth.
Their envy and pride, walks in front of them, and seeps out all over the ground, behind them.
Everything for nothing. No hard work, no generational sweat, no ladder to climb.
The world is their playground and they will let in, very carefully, who they want.
Every choice, at their disposal. Desperation and depravity designed into every single detail.
We know its history is repeating itself.
This is not going to be pretty.
Sorry this may disappoint many but CTH is somewhat off base here. The existing renewable energy tax credit program was amended to allow the tax credits to be tranferable. Many other tax credit programs notably low income housing tax credits, are transferable.
Transferable credits make renewable energy projects easier to finance. So there will be more renewable energy.
You can not like renewable energy but don’t waste time hating on normal commercial activity. Unless you are a socialist or commie.
The least amount of $$ for planting trees. Should be a lot more for planting trees, which IMO, is the best way to reduce carbon, but you can’t make any money from that.