Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Major Contradiction On Kyoto Protocol

13 February 2002

Major Contradiction Between PM And Govt Statement Over Kyoto

The Governments' National Interest Analysis on Kyoto contradicts the Prime Minister's statement to Parliament, says Business NZ.

On Tuesday the Prime Minister told Parliament that NZ would not have to introduce cost-incurring measures until 2008.

But the Analysis released yesterday says NZ must "make demonstrable progress, by 2005, toward achieving its commitments under the Protocol".

Business NZ Chief Executive Simon Carlaw says this is a major contradiction.

"If we have to show progress by 2005, that means we have to start cutting emissions next year.

"The majority of submissions on Kyoto said the NZ Government is moving too fast. The National Interest Analysis shows just how quickly the costs will begin to bite.

"The National Analysis Statement (page 36) quotes costs such as a 25% drop in returns from dairy products as a result of ratifying. How this outcome would propel NZ into the top half of the OECD is a mystery.

"There is absolutely no need for NZ to rush ahead of other countries to ratify the Kyoto Protocol. The variance between the Prime Minister's statement and the Government's National Interest Analysis should be a wake-up call," Mr Carlaw said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>