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Meet New Zealand’s ETS: costly, corrupted and useless

Andrew Bolt – Wednesday, June 30, 10

New Zealand discovers what a useless and corrupt rort an emissions trading scheme really is:

New Zealand’s failure to cut greenhouse gas emissions has left taxpayers staring down the barrel of a Kyoto Protocol liability of at least $1 billion and possibly more than $5 billion, according to a book analysing National’s emissions trading system.

The authors of The Carbon Challenge - Victoria University researcher and economist Geoff Bertram and climate-change analyst and researcher Simon Terry - also describe the Government’s current ETS as “technically obsolete” and “beyond rescue” as a sustainable framework for tackling climate change.

They say the scheme will not make any inroads into cutting New Zealand’s gross emissions levels.

On top of that, the ETS was so unfair in the way it distributed benefits to high emitters with political influence, while placing a regressive quasi-tax burden on households, that there was a risk it could undermine the public’s willingness to support a stronger regime in the future.

Such was the scale of subsidies that only one in every five dollars charged under the ETS would become available to the Government to pay off the Kyoto liability. Households already bore half the total costs resulting from the ETS during its first five years while accounting for just a fifth of all emissions,

This is the kind of thing the Gillard Government still is promising us.

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True Cost Of ETS Will Now Be Revealed

John Boscawen MP, ACT New Zealand

Press Release: Thursday, July 1 2010

Our world leading ETS

Today the government has imposed added costs on all New Zealanders, all because the National government say they want to do their bit for climate change. This is even though the Prime Minister’s own Chief Science Advisor has said ‘anything we do as a nation will in itself have little impact on the climate – our impact will be symbolic, moral and political.”

 
How moral is it that the National government seems more than happy to let Kiwi families, already struggling to pay their power bills, simply freeze as the ETS increases electricity prices - while millions of dollars go to forestry owners?

Kiwi Families To Freeze While Forest Owners Make Millions

John Boscawen MP, ACT New Zealand

Press Release, Wednesday, June 30 2010

ETS could be funny comedy theatre play if it wasn’t so serious!

The Prime Minister has now finally acknowledged that households will bear more than their fair share of increased energy costs when the next phase of the Emissions Trading Scheme takes effect on Thursday this week.

Kiwi Party leader Larry Baldock said it makes no sense to impose additional costs on every household at a time when so many are still struggling to recover from the recession.

“By now stating the ETS imposes a 'disproportionate burden' on every family in NZ the PM is finally admitting that the ETS is in fact taxing household budgets heavily so he can make a pretence of addressing climate change on the world stage.

 

 

Key has faith in IPCC

John Ansell- 29 June 2010

A prime minister needs to be a jack of all trades. So it’s not really fair to expect him to be master of many.

But we do expect him to be a good judge of which masters to place his faith in.

On global warming, as you can read here, our prime minister places his total faith in the much-maligned IPCC.

With his idiotic climate tax due to start hitting you in the pocket the day after tomorrow, read this and weep. 

JOHN KEY ON LEIGHTON SMITH SHOW
4 FEBRUARY, 2010

SMITH

I’ve never had so many questions for a prime minister before.

NZ ETS: Huge Expense For No Gain

John Boscawen MP, ACT New Zealand

Speech to Hamilton Grey Power, Celebrating Age Centre, 30 Victoria Street, Hamilton, Monday, June 28 2010

To Nick Smith from Alan N 27 June 2010

TIME TO MAKE A STAND
The madness of the Government’s new carbon tax is that New Zealanders will be the only people in the world paying it. It will drive up the costs of living and undermine the competitiveness of New Zealand business for negligible environmental gain. A further concern is its impact on inflation, interest rates and the exchange rate. It will add to the costs of fuel and power and these flow right through the economy to basics like food. This puts pressure on inflation, which in turn drives up interest rates and the kiwi dollar. The Government’s carbon tax is a classic example of the way the Government is making things tougher for the productive exporting sector. The worst aspect of the carbon tax is that it will not make one iota of difference to New Zealand’s emissions. Nick Smith 2005
Nick Smith your words come back to haunt you. The costs you opposed in 2005 as a tax will become far greater under your so called ETS, as it becomes open to abuse from unscrupulous traders.
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Academic and SFF put views on Meat Industry future

Bruce Wills suggests that Federated Farmers were treated to strikingly divergent views as idealism faced hard commercial reality.  Silver Fern Farms Chief Executive, Keith Cooper put up a differing vision for the industry's future to that proposed by Lincoln University's, Professor Caroline Saunders.

On one hand, Professor Saunders implored farmers to get with the clean-green programme and embrace premium markets.  She also pushed the need to embrace sustainability in order to retain market access, saying NZ needed to trumpet its Emissions Trading Scheme  to market just how good we were at low carbon farming. 

But Keith Cooper  put forward some hard commercial realities to us, stating that the buyers had‘never heard of ETS' and didn't really care.  These buyers will not pay a premium for carbon neutral food. They'll welcome it as a tick-box item but won't pay more for our meat protein and that's the rub for farmers. 

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