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.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On What Lessons The Greens Should Take From The Demise Of Winston Peters

Wondering about “if only" is one of those political games we all indulge in from time to time. For example: episode one of the latest season of The Good Fight TV series dropped us into a world where Hillary Clinton is the US President and Elizabeth Warren and Merrick Garland are Supreme Court justices, where rain forests are being saved and polar bears are coming back from extinction. Yet alarmingly, people keep on having these bad dreams about Donald Trump being the President... More>>

 


Referendum Preliminary Results: 'Yes' On End-Of-Life, 'No' On Recreational Cannabis

End of Life Choice Referendum The referendum asked the question: 'Do you support the End of Life Choice Act 2019 coming into force?' 65.2% Yes 33.8% No 1.0% Informal VOTES NUMBER OF VOTES RECEIVED PERCENTAGE OF TOTAL VOTES Yes 1,574,645 65.2% ... More>>

ALSO:

Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ... More>>

ALSO:

Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>

ALSO:


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

Election: ParityBOT_NZ Processed Nearly 200,000 Tweets To Find And Fight Online Abuse Over The NZ Election

Auckland, New Zealand: Of the almost 200,000 tweets directed at women candidates that Areto Labs’ proprietary election Twitter bot, ParityBOT_NZ, processed over the New Zealand election period, nearly 4,000 were classified as toxic and triggered ... More>>

Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... More>>

ALSO:

Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels