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


Economic Risks With Proposed Emissions Trading

Economic Risks With Proposed Emissions Trading Scheme

Dr Cullen, in a speech to a seminar at Buddle Findlay on the 21 November, claimed any business industry group that does not give its unqualified support to the proposed emissions trading scheme is failing to live up to their ‘moral and economic responsibilities’.

He calls economic analysis by Castalia – which shows the proposed emissions trading scheme could come at a significant economic cost – “alarmist”.

Catherine Beard, executive director of the Greenhouse Policy Coalition, which represents a range of energy intensive businesses, says using emotive terms about any group that questions the design of the proposed emissions trading scheme is just a political tactic to shut down debate and avoid having to address the serious issues that are raised on closer examination of the scheme.

“If the Castalia report is ‘alarmist’ it is because they were alarmed at the economic impact that the proposed emissions trading scheme will have on our economy the way it is currently designed. They were probably called ‘alarmist’ when they were the first economic consultancy to predict that instead of a big cheque from signing the Kyoto Protocol we would have a big deficit due to deforestation and economic growth.”

Catherine Beard says that far from being alarmist the Castalia report offers some solutions that would make the scheme less harmful to our economy, such as introducing a price safety valve and measuring emissions against ‘world’s best practice’.

“The price of carbon is volatile and rising and no other country in the world is going to expose its total economy to a price that is driven largely by politics or the weather in Europe, any time soon.”

Catherine Beard says the Castalia Report points out that most countries that have an emissions trading scheme – or that are planning for one, are being very careful about scheme design to ensure they do not lose industry and jobs to countries that do not put a price on carbon. “That is all we are asking for in New Zealand”, she says.

“I am sure that most business industry groups would agree, that we all have a moral and economic responsibility to develop and emissions trading scheme that fulfils our international responsibilities, but does so in a way that does not drive our highly efficient industries to other countries.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Erebus Memorial In Parnell

Social media can be a wonderful tool for bringing people together in a common cause. It can also be a seedbed and spreader of mis-information on a community-wide scale. To which category do the protests against the siting of an Erebus memorial (to the 257 New Zealanders who died in that tragedy) in a secluded corner of a Parnell park happen to belong? IMO, it is clearly the latter, and the reasons for thinking so are explained below... More>>


National: Proposed Hate Speech Laws A Step Too Far

Reports of the Government’s proposed new hate speech laws go a step too far and risk sacrificing the freedoms New Zealanders enjoy, National’s Justice spokesperson Simon Bridges says. “The reforms are supposedly including protections to every ... More>>


Agriculture: Government To Phase Out Live Exports By Sea

The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high ... More>>


Norman Gemmell: New Zealand’s New Housing Policy Is Really Just A New Tax Package — And It’s A Shambles

Norman Gemmell , Te Herenga Waka — Victoria University of Wellington Economists like to talk about “optimal policy instruments” — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and ... More>>

Claire Breen: ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform

Claire Breen , University of Waikato Recent media coverage of women not being able to get treatment for birth injuries highlights yet another example of gender bias in healthcare in New Zealand. More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>


Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>




InfoPages News Channels