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

 


Facts Before Falsehoods


Facts Before Falsehoods

Friday 19 October, 2012
Press release – Generation Zero

ACT Party leader John Banks is spreading falsehoods in his attempts to undermine the Emissions Trading Scheme and New Zealand’s climate change response, Generation Zero policy coordinator Paul Young said today.

In a press release issued yesterday, Mr Banks said “I wrote to the Minister for Climate Change Issues asking him not to place undue restrictions on foreign carbon credits so that New Zealanders would not be forced to pay more for carbon credits than foreigners do.”

Mr Young said the notion that placing a quantitative limit on foreign carbon credits – as called for by the Parliamentary Commissioner for the Environment, forestry groups and environmental groups – will have New Zealanders “paying more than foreigners” is rubbish.

“Every other country with an emissions trading scheme now requires 50-90% of credits used to be domestically sourced, to ensure some level of domestic action to reduce emissions,” said Mr Young.

“If Mr Banks gets his way, New Zealand will have the only ETS in the world without such limits and will continue to be the dumping ground for cheap units that cannot be used anywhere else, keeping prices so low they will do nothing to reduce emissions or stimulate forest plantings.

“On top of this, the ETS Amendment Bill currently going through Parliament will prolong the '2-for-1' deal indefinitely, halving the price again.

As at 18 October 2012, prices for domestic carbon credits or carbon taxes per tonne in a selection of places are: Australia, $29.10; EU, $13.15; California, $17.63; UK (price floor in power sector), $30.84; Denmark, $21.39; Norway, $43.32 (to double on 1 January 2013).

The current effective price of New Zealand Units (NZUs), accounting for the ‘2-for-1’ deal, is $1.53.

“Mr Banks’ statement to the Minister is plain false, and to continue repeating it he is either ignorant or deliberately telling lies,” said Mr Young.

“If Mr Banks will not correct his statement then he has no credibility on the subject and should be ignored.

“If the ETS is to be a credible tool as part of New Zealand’s climate response then we need to follow in the steps of every other country with similar schemes and put a cap on international units.

ENDS


ABOUT GENERATION ZERO:

Generation Zero is an independent youth organisation seeking to catalyse action on climate change and work towards creating a zero carbon Aotearoa. For more information see:
www.generationzero.org.nz
www.facebook.com/GenerationZero

MORE INFORMATION:

Previous Generation Zero press releases on the ETS amendments:
http://www.scoop.co.nz/stories/PO1210/S00290/b-grade-ets-sets-stage-for-chainsaw-massacre-sequel.htm
http://www.scoop.co.nz/stories/PO1209/S00368/generation-zero-supports-foresters-demands-to-fix-ets.htm
http://www.scoop.co.nz/stories/PO1209/S00249/ets-needs-to-phone-home-select-committee-told.htm

We are Generation Zero

generationzero.org.nz

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news