Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


$100 Million For Exporters Great But……..


16 NOVEMBER, 2007

$100 Million For Exporters Great But……..


New government support for exporters in the form of a $100 million contingent liability for exporters needing bonds and/or working capital is to be applauded, according to the Greenhouse Policy Coalition, but the government should be careful not to undermine the viability of exporters with another of its policies, the proposed emissions trading scheme.

The Greenhouse Policy Coalition is an industry association representing the energy intensive sector, and companies in that sector have significant concerns the proposed emissions trading scheme will add significant costs to New Zealand companies that are trying to compete in international markets.

Catherine Beard, executive director of the Greenhouse Policy Coalition says it fantastic that the government, through Export 2007 has “set new levels of export ambition” for the country, but it would be tragic if that was undermined by a headlong rush into an emissions trading scheme that had insufficient protection for trade exposed exporters.

“The current scheme design poses significant risks for business, exposing them to an international carbon trading market that is volatile, lacking in liquidity and where prices are driven by politics rather than the lowest cost abatement in these early days of carbon trading.”

“The current scheme design provides no price safety valve or recognition for being at world’s best practice in energy efficiency and we are urging the government to make some changes to the scheme to ensure we can reach those levels of export ambition we all aspire to.”

Catherine Beard says a relatively small survey of 32 firms, including meat companies, pulp and paper mills, iron, steel, shipping, cement, dairy, mining and supermarkets shows that a carbon price of $30/tonne will cost these firms $241 million in increased direct energy costs, result in deferred investment of $1.5 billion, put at risk over 2000 existing jobs and 425 new jobs had planned investment gone ahead.

Catherine Beard says most of the wealth generated in New Zealand is from agriculture, primary industries and manufacturing and these are the industries that will be hit hardest by the current proposals.

Catherine Beard said the scheme would be improved if recommendations in the recently released Castalia report, such as intensity based targets and price safety valves were adopted.




© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news