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

 


Fed Farmers takes cold comfort from ETS lobbying

Media Release
26 November 2009

Federated Farmers takes cold comfort from ETS lobbying

Federated Farmers has taken cold comfort that its behind the scenes lobbying may have saved each New Zealand farm some $27,000 from 2030. While the Federation wished to see the entire ETS scrapped, it also worked to reduce the worst impacts of it upon farming.

“Most thinking New Zealanders realise you cannot turn around millions of years of ruminant and plant evolution by fixed legislative dates. After all no emissions equals no exports and for that matter, no economy,” says Don Nicolson, President of Federated Farmers.

“Federated Farmers made no bones of the fact we didn’t like the ETS and didn’t want the ETS, but we had to defend farmers from the worst excesses any ETS would bring.

“Behind the scenes, the Federation worked to ensure, if it was to come in, it would be with least regret to farmers and the nation. That meant an ETS based on intensity, meaning increased production, is still possible along with the lowest possible phase-out rate for free allocation units.

“Intensity is important because farmers still have the ability to increase production within current limits. It has to be remembered that agriculture is already reducing emissions growth per unit of output.

“While we wanted agriculture out of the ETS all together, the allocation units will now phase out at a rate of 1.3 percent per annum from 2016, instead of 8 percent from 2019.

“According to the Prime Minister, ‘the cost of agricultural methane and nitrous oxide for the average farmer by 2030 will be in the order of $3,000 a year, compared with the $30,000 it would have been under Labour’. That kind of puts the annual cost of a Federated Farmers membership into perspective.

“Yet it all seems like being one number off winning Lotto – somewhat deflating.

“I must, grudgingly, give credit to the Government that it did listen to us and has seemingly acted to minimise the impact upon agriculture. That said, no one, truly, has any real idea over what the impacts will be.

“What frightens me is that these costs seem guesses built on hunches within a hypothesis.

“Will the real figure please stand up because in July, we were told the per person cost with Copenhagen would be $30 per person, per week. Yet, in recent weeks, it has magically reduced to $3 per person, per week. A few years ago, we had a half billion dollar Kyoto liability, which became zero earlier this year only to apparently blow out to $110 billion by 2050.

“It’s why we won’t stint on getting this thing pulled the moment it affects our profitability heading into 2016, when the free allocation units start phasing out. Right now, the 258,000 people who live on-farm are in the same boat as the rest of New Zealand. We’ll be paying more from 1 July next year,” Mr Nicolson concluded.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

March 2017: Commerce Commission Delays Decision On Fairfax-NZME

The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

ALSO:

Plan Plan: Permanent Independent Hearings Panel Proposed For Planning

The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

ALSO:

Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology

New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

ALSO:

Eggs-it Strategy: Countdown Programme For Free Range And Barn Launches

Countdown has today launched an Egg Producer Programme to support free range and barn egg farmers to increase the supply available for Countdown stores and our customers. More>>

ALSO:

LVRs: Banks Get An Extra Month To Meet New Lending Restrictions

The Reserve Bank won't impose new lending restrictions for highly-leveraged investment purchases until the start of October, giving lenders an extra month to clear their backlog of pre-approvals. More>>

ALSO:

Commerce Commission: Charges Against Youi Insurance

The Commerce Commission has filed charges in the Auckland District Court against insurance firm Youi NZ Pty Limited, alleging it employed misleading sales techniques when attempting to sell policies to consumers who were only seeking a quote. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news