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


Emissions Trading Bill Still Needs Work

6 May 2008
(1 page)

Emissions Trading Bill Still Needs Work

The government’s announcement that liquid fuels are not to enter the emissions trading scheme until 2011 and that free allocation of NZU’s to trade exposed industry is not to be phased out until 2018 are a good start, but the scheme still needs work, according to the Greenhouse Policy Coalition.

The Greenhouse Policy Coalition represents many industrials across a range of sectors on climate change issues.

Executive Director of Greenhouse Policy Coalition, Catherine Beard, said even with the proposed changes, industry in New Zealand is still at risk of becoming uncompetitive against industry from countries not facing a carbon charge.

“There is still a lot of uncertainty for industry with the proposed scheme. How many firms must share in the free allocation of a limited number of NZU’s, what are the criteria for eligibility, are there enough NZU’s to keep companies viable in New Zealand or is the allocation going to be spread too thinly?”

“In addition, there is no allowance for new investment or growth, with every new tonne of carbon having to face the full international price of carbon. This will be a disincentive for investment in the newest most efficient technology and encourage old plant to be run for longer. This could be avoided by moving to a scheme where companies are measured on an intensity basis (emissions per unit of output) against an international benchmark like ‘world’s best practice’.”

“The other issue that presents a great risk to industry is the price of carbon. According to Treasury figures the price of carbon has risen by 165% over three years and it is still rising. Economic analysis indicates the New Zealand economy can’t be exposed to those sorts of prices without significant job losses and an increasingly big gap between wages here and wages in countries that take a more cautious approach to exposing their economy to carbon markets.”

Catherine Beard says the Bill should be delayed until these problems can be addressed in a coherent and measured way, which would also give New Zealand time to assess Australia’s proposed emissions trading scheme to see if the two were compatible.


© 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