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


Flawed ETS needs more work

Nick Smith MP
National Party Climate Change Spokesman

16 June 2008

Flawed ETS needs more work

New Zealand’s environment and economy will be compromised if the Government’s emissions trading scheme [ETS] is rushed through Parliament in its present form, says National’s Climate Change spokesman, Nick Smith.

Dr Smith is commenting on today’s release of the Finance and Expenditure Select Committee’s report on the Climate Change [Emissions Trading and Renewable Preference] Bill.

“The reckless and rushed select committee process has resulted in a botched piece of legislation that needs substantial amendment to achieve the goal of reducing emissions at the least cost.

“This scheme is a giant cash cow from which the Government will profit by more than $23 billion from the extra costs like the 7 cents a litre on fuel and 18% on electricity. National wants the scheme reconfigured so government doesn’t profit at the expense of families and businesses.”

Dr Smith says the flawed bill is riddled with perverse incentives. Major industries are going to be pushed offshore, with jobs and the emissions simply being exported to other countries.

“It’s going to trigger another round of deforestation of young trees because of the way liabilities fall on forest owners. It’s going to encourage the use of foreign fishers at the expense of New Zealand’s own fleet, and it’ll do serious damage to manufacturing industries like air-conditioning and refrigeration.

“The bill is silent on the key mechanisms needed to make an ETS work. For example, no one knows who will take responsibility for agriculture: the processor or the farmer.

“We do not know the size of the industries that will receive emissions allocations or whether new industries will be eligible. On major issues like offsetting forestry plantings, the select committee has simply kicked for touch.

Dr Smith says the Government seems far more interested in attracting international accolades for passing a grandiose bill than putting a sensible and balanced ETS in place that will work long-term for New Zealand.

“This is yet another example of Labour’s history of railroading partisan legislation through Parliament on a narrow majority, just like the Electoral Finance Act, which has been a total disaster.

“There is ample time to get this bill right with the Government’s own deferral of the legislation for two years. We need to slow the legislative process down in order to take heed of the imminent announcement of Australia’s ETS, and resolve the many issues that the select committee has put on hold.

“Only then will we be able to come up with a bill that will actually work.”




© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>




Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>


Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>


Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>


Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>


Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>


(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>






Featured InfoPages

Opening the Election