Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Kyoto liability tops $1 billion

Hon Dr Nick Smith MP
National Party Climate Change Spokesman

5 May 2008

Kyoto liability tops $1 billion

Treasury figures released today that put New Zealand's Kyoto liability at over $1 billion for the first time demonstrate the extent of Labour's climate change failure, says National's Climate Change spokesman, Nick Smith.

"When New Zealand ratified the Kyoto Protocol in 2002 Labour promised a surplus of $1.2 billion, and they have repeatedly dismissed claims by National and independent commentators that it was likely to cost a billion dollars.

"This latest figure of $1.009 billion shows how incompetent Labour has been on climate change.

"This blow-out in New Zealand's Kyoto liability is a consequence of the record levels of deforestation that have occurred since 2004 and the failure of Labour's costly and ineffective policies on greenhouse gas emissions.

"Far from heading toward carbon neutrality, emissions have gone up every year Labour has been in government. It's just not credible for Labour to talk about carbon neutrality when, despite spending millions of dollars over eight years, it has failed to even constrain the level of growth of New Zealand's greenhouse gas emissions.

"This billion dollar liability is the price of Labour's repeated costly policy failures. Its programs such as the negotiated greenhouse agreements, projects to reduce emissions, animal emissions levy, carbon tax, and solar water heating initiative have all turned to custard.

"Current initiatives of a biofuels sales obligation and its proposed emissions trading system are also now looking shaky.

"New direction is needed on climate change policy. National's approach will be less rhetoric and big spending and more practical, effective initiatives."

ENDS



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Emission Statement: 'Consensus Reached' On Agriculture

Today the Government launched a consultation document, informed by the work of the Interim Climate Change Committee (ICCC), on how to bring agriculture into the emissions trading scheme, a key part of the Government’s plan to tackle climate change and reduce New Zealand’s emissions.

Agricultural emissions make up nearly half of New Zealand’s total emissions profile and are the largest contributor to greenhouse gas emissions in New Zealand. More>>

 

Gordon Campbell: On What’s Wrong With Wellington

For many Wellingtonians, it hasn’t been the normal hardships – the workings of central government and the lousy weather – that have recently pushed their tolerance into the red zone. It has been the inability of local government to maintain even the basics. More>>

ALSO:

$1m Compensation Paid: First Gun Ban Event In Christchurch

The Police Minister says the first ever firearms collection event in Christchurch over the weekend was a huge success. But Stuart Nash had concerns about whether the participation reflected the number of weapons in the region. More>>

ALSO:

The Kids: Youth Parliament 2019 Event Kicks Off

120 Youth MPs and 20 Youth Press Gallery members have gathered in Wellington to attend the two-day Youth Parliament event ... More>>

Friends Like These: Foreign Minister To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. today for talks with senior members of the US Administration, and to attend the Ministerial to Advance Religious Freedom. More>>

ALSO:

Gordon Campbell: On The Aussie Banks’ Latest Fee Hike Excuse

When the Reserve Bank sought feedback on its plans to require the country’s major banks to raise their capital reserves then you might have expected the banks to whine and complain. And so they have. More>>

ALSO:

Sitting On Defence: Terms Of Reference For Defence Estate Review

“The 81,000 hectare Defence estate is at a crossroads; much of it is run down, and outdated,” says Ron Mark. “It needs to be improved in order to gain, train and retain our service people, now and into the future." More>>

ALSO:

Meng Foon: Retiring Gisborne Mayor To Be Race Relations Commissioner

Andrew Little: “He has an outstanding record as a relationship builder and walks comfortably in the pākehā world, the Māori world, the Chinese community and other communities making up New Zealand." More>>

ALSO:

NCEA: Students Granted Qualifications After Fees Scrapped

Almost 150,000 current and former students with unpaid NCEA fees have today been formally awarded their NCEA credits or qualifications. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels