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

 


Good News On Carbon Tax


Good News On Carbon Tax

Farmers are pleased that the government will not impose a carbon tax from 2007, said Hugh Ritchie of Federated Farmers of New Zealand (Inc).

"The tax would have sucked money out of rural communities, hurt the New Zealand economy, and done nothing to reduce carbon dioxide emissions,” said Mr Ritchie, the Federation’s climate change spokesman.

“Abandoning the carbon tax in the first commitment period of the Kyoto protocol (2007-2012) is common sense. It would have added costs to every step in the product chain, from on-the-farm operations through to increasing costs of transport, processing and exporting.

“Farmers are already under pressure from rising interest rates, a strong dollar, and weakening commodity prices. The carbon tax would have delivered another blow to farmers and reduced the international competitiveness of New Zealand’s number one export earner.

“So, congratulations to the government for seeing reason on the carbon tax. That said, the Federation will be looking closely at other details in the government’s climate change package, including its policy on Kyoto forests and use of farm levy funds for research,” said Mr Ritchie


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news