Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

ETS creates mess says Feds

11 September 2008

ETS creates mess says Feds

Federated Farmers president, Don Nicolson said today the passing of the emissions trading bill creates a mess and is bad.

"With hundreds of amendments and last minute supplementary order papers, the vote to pass the ETS legislation last night was a huge mistake by this current parliament. The legislation is ill thought through, rushed, and has huge risks for the New Zealand economy and the nation.

"This has all been pushed though parliament for short term political gain rather than any sound economic or environmental reasons that will benefit New Zealand or the globe. Those that voted for the scheme care only about the next political opinion poll.

"This ETS Act isn't like the nuclear free legislation - nice branding but costs nothing. The reality is it will cost New Zealand significant real money and is unlikely to achieve the global outcomes sought. For some politicians the passing of this bill is seen as a clever political public relations stunt. The reality is it is a mess that all New Zealanders will pay for.

"Agriculture, like the rest of New Zealand, will be affected from day one through higher input costs. If New Zealand wants to try and remain a first world country, rather than a third world country, the simple fact is it needs agriculture to prosper and grow. This flawed bill simply isn't going to help the nation's prospects.

"The Federation has lobbied all political parties intensely to oppose the bill. It is extremely disappointing it has passed. However Federated Farmers will remain steadfast in its determination to try and get some common sense and practical solutions to the mess that this legislation now creates," Mr Nicolson concluded.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>



Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: