Archive for May, 2008

Govt’s Emissions Trading Scheme Legislation Runs Into Trouble

• Little Parliamentary time left.
• Smaller parties wavering.
• Govt already backpedalling.
The Govt is suffering a backlash from watering down the key element of its climate change policy, the emissions trading scheme, and now it is running out of time to push through major legislation before the election, including its Bill to implement the ETS. With […]

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Households Will Bear The Brunt Of Emissions Trading

The Sustainability Council has released a report showing households, road users, and small businesses will meet 90% of the estimated $4.4bn costs of the Emissions Trading Scheme over the next five years. The report concludes this will involve huge transfers of wealth but will only reduce NZ’s greenhouse gas emissions by 2%. It will still […]

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ETS “Could Destroy NZ’s Productive Sector”

A new report by the NZ Institute of Economic Research claims the Emissions Trading Scheme is so flawed, it could sink the productive sector, and asks why NZ should place itself at risk against other economies which are acting more cautiously on climate change. The NZIER concludes it would be much cheaper if the Govt […]

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Flawed Emissions Trading Scheme Creates Worries For Business And Government

Ian Templeton at Parliament
• ETS will hurt exporters.
• Economy not ready for ETS.
• Householders hurting enough.
The Govt may have to bow to economic realities, and make significant adjustments to its emissions trading scheme. Some critics say the scheme is so flawed it will have to be scrapped. Climate Change Minister David Parker has conceded the […]

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