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

 


Zero waste is a slogan, not a realistic goal

Media release
15 March 2007

Waste Bill unrealistic


Zero waste is a slogan, not a realistic goal, says Business NZ.

In its submission to the Local Government & Environment Select Committee today, Business NZ said the cost of recycling or treating every last scrap of waste would be colossal and would reduce the amount of money that could be spent more productively - for example, on infrastructure, health or education.

Business NZ economist John Pask told the committee that the Waste Minimisation (Solids) Bill was an overreaction to the issue of waste.

“Those who generate waste should pay the full cost of dealing with it. And where there may be specific waste issues - for example in the disposal of used computers – the logical course of action would be specific treatment requirements.

“But there is no justification for an overall waste levy. That would just be another undifferentiated tax.”

Business NZ Chief Executive Phil O’Reilly said the proposal for a waste levy had not been put to a cost/benefit test, and the case for more general interventions in the market for waste had not been proven.

“The nature of the New Zealand economy must also be considered – the terrain, the infrastructure, population density, and the fact that many products and materials may have to be moved from one end of the country to the other.

“The issue of waste deserves more sensible and specific treatment than slogans and catch-all levies. Industry-led solutions for specific waste management issues and improved education are better alternatives.

“Business NZ recommends that this Bill should not proceed.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news