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

 


Greenhouse gas emissions trading scheme more or less dead

NZ’s greenhouse gas emissions trading scheme more or less dead, UC expert says

February 12, 2013

New Zealand’s greenhouse gas emissions trading scheme (ETS) is more or less dead, according to a University of Canterbury (UC) forestry professor.

New Zealand has allowed unrestricted imports of credits, including many hot air credits from eastern Europe, meaning New Zealand has become a dumping ground for worthless credits from elsewhere, Associate Professor Euan Mason said today.

``You can see this in the credit trading traffic recorded by our credit registry. No other country with a carbon trading scheme behaves in this way. They recognise that some credits are doing nothing for the environment and they restrict them.

``We give our agricultural sector a free ride, even though agriculture contributes roughly half our total emissions. The whole idea of being greenhouse gas neutral by purchasing credits in a cap and trade scheme is irrational,’’ Professor Mason said.

``Under our scheme when a firm falls below its allocation of free units, it can use the remaining units to offset its remaining emissions and claim that its operations were greenhouse gas neutral, when in fact it has only reduced emissions to the level of the cap. Not all credits are created equal, but they are treated equally in our scheme.

``We have failed to change in substantial ways because our ETS provides no incentive. We have failed to plan for the future, and during the 2020s our emissions are going to rise hugely when the forests planted in the 1990s are harvested. We have withdrawn from the Kyoto Protocol rather than take responsibility for this failure.

``We have progressively weakened our ETS so that New Zealand has not changed much in the face of climate change and now, when it is clear that the consequences of our failure are approaching, we have withdrawn from Kyoto. We also allow unrestricted imports of credits.

``Other countries and people are changing their behaviour. In Sweden, for instance, one sees wind generators everywhere and Sweden now generates more than 50 percent of its energy from renewables versus 35 percent in New Zealand, even though Sweden has limited capacity for hydro compared to New Zealand.

Professor Mason said large segments of the New Zealand community were in denial. Many people in the farming sector believe that anthropogenic climate change is not real and some say it is a hoax. The rest of the world is actually trying to solve the problem.

New Zealand could easily be greenhouse gas neutral by planting 2.5 million hectares of eroding land in trees with hardly any destocking of livestock, Professor Mason said.

``This would make New Zealand the first OECD country to be fully greenhouse gas neutral for between 60 to 100 years. That would help us back up our 100% pure slogan.’’


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Farcical Elevation Of David Seymour

With the election won, it’s time to find jobs for the boy. David Seymour is the Act Party’s latest scrounger to be rewarded by the National Party, and not only with a seat in Parliament. This time around, a couple of parliamentary Undersecretary posts in education and regulatory reform have been thrown in, plus an annual salary of $175,000 while he learns the ropes. Shouldn’t Seymour at least be put on a 90 day trial before he gets his hands on that sort of serious moolah?

It would be for his own good, really. At this rate, Act is never going to learn how to make its own way in the world More>>

 

As Key Mulls Joining ISIS Fighting: McCully Speech To UN Backs Security Council Bid

It is an honour to address you today on behalf of the Prime Minister and Government of New Zealand. Our General Election took place last week - our Prime Minister Rt Hon John Key is engaged in forming a government and that is why he is unable to be here in New York... More>>

ALSO:

Labour: Cunliffe Triggers Party Wide Leadership Contest

David Cunliffe has resigned as Labour Leader, but says he will seek re-election... If there is any contest the election will have to go through a process involving the party membership and union affiliates. More>>

ALSO:

Flyover Appeal: Progress And Certainty, Or Confusion And More Delays?

Lindsay Shelton: The Transport Agency, embarrassed by the rejection of its flyover alongside the Basin Reserve, says it’s appealing because the decision could “constrain progress.” Yet for most clear-sighted Wellingtonians a 300-metre-long concrete structure above Kent and Cambridge Terraces would in no way be seen as progress… More>>

ALSO:

Gordon Campbell: On Cunliffe’s Last Stand

Right now, embattled Labour leader David Cunliffe has three options. None of them are particularly attractive for him personally, or for the Labour Party... More>>

ALSO:

Key Seeking 'New Ideas': Look To Children’s Commissioner On Poverty - Greens

John Key should not reinvent the wheel when it comes to ideas for tackling child poverty, and instead look to the recommendations of the Children’s Commissioner’s Expert Group on Child Poverty, Green Party co-leader Metiria Turei says. More>>

ALSO:

'Safe To Re-Enter' - OIA Docs: Safety Is Absolute Priority At Pike River Mine

“We understand that the time it is taking to complete our evaluation of the risks is frustrating for the family members and we are trying to complete this work as quickly as we can,” Ms Dunphy says. “It is Solid Energy’s responsibility to make this decision and we will do so, once we have all the information required to make a fully-informed decision.” More>>

ALSO:

Images & Report: Mihi To Welcome Newly-Elected MPs To Parliament

The 29 newly elected MPs were welcomed into Parliament with a Mihi. Parliament’s current Speaker David Carter offered advice from his experience working in Parliament advising the MPs to work collaboratively. More>>

Gordon Campbell: On Labour’s Very Bad Year

While Labour leader David Cunliffe still appears to be in denial about the extent of Saturday night’s debacle, there was hardly a single redeeming feature about the election results for the centre-left... More>>

ALSO:

General Election NZ: National Win

Election Night: With almost all votes counted National and John Key have won a third term and are close to being able to govern alone if they so choose. Key has indicated he will still reach out to form a Government with ACT, United Future and Maori Party. More>>

ALSO:

Perfectly-Timed Anniversaries: Suffrage Day Is Last Chance To Enrol

“The last chance to enrol is Friday 19 September. You can’t enrol on election day.” More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
More RSS  RSS
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news