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


Nats’ ETS costs motorists up to $112m a year

Nats’ ETS costs motorists up to $112m a year

The National Government’s Emissions Trading Scheme (ETS) costs motorists $25-$112 million per year, but they get nothing back, Green Party Co-leader Dr Russel Norman said today.

Motorists have been paying between 2.2 cents and half a cent per litre on petrol as a cost of the ETS. Nationally, that amounts to between $25 million and $112 million a year.

“Motorists are paying tens of millions a year under National’s ETS but where is the money going? It’s certainly not being recycled back to households and businesses as it is under the Greens’ Climate Tax Cut,” Dr Norman said.

“This is the difference between National’s ETS and the Greens’ Climate Tax Cut.

“Under National, the money is siphoned off to traders and polluters. Under the Greens, all the revenue is recycled into tax cuts for households and businesses.

“Figures for the first four years of the ETS show carbon emissions have actually risen 20 percent and they show no sign of falling. That’s an indictment of the scheme’s failure.

“Under the Green Party’s Climate Tax Cut plan announced on Sunday, all households will be better off. There will be some increased costs in dairy products, power and petrol prices, but all revenue raised by the Carbon Tax will be returned to households and businesses in the form of tax cuts.

“The ETS has allowed some businesses to actually profit from carbon emissions by gaming the scheme and emissions have actually increased since the scheme was introduced.

“Under the Greens’ scheme, the average household’s costs will increase by around $101 a year, of which about half will be petrol costs, but they will get tax cuts of $420 a year, making the average household a net $319 a year better off.

“That is the beauty of this plan. It is a win-win for households and the climate. We are installing a price signal to encourage businesses and consumers away from carbon emitting activities but making people better off. If consumers and businesses heed the price of signal by reducing their dependence of fossils fuels and the like, they can be even better off.

“Climate change is the most challenging issue of our time. How we respond to it will define the kind of future our children inherit.

“The Green Party’s plan will future-proof our economy and put New Zealand firmly back in the global green race, all while leaving households better off,” Dr Norman said.

For a copy of the Climate Protection Plan, go to: www.greens.org.nz/climateplan


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news