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

 

Emissions Trading System needs strengthening to be effective

Wellington – 2 July 2012

Emissions Trading System needs strengthening to be effective

The Government’s further weakening of New Zealand Emissions Trading System are a major disappointment and will further undermine the effectiveness of the control of climate and ocean damaging pollution, the Environment and Conservation Organisations (ECO) says.

Emissions will continue to climb, but the scientists are urgently telling us we must reduce emissions fast says ECO co-chair, Cath Wallace. “This is not going to help New Zealand meet greenhouse pollution reduction targets needed by 2020 or the 90 percent cut required by 2050.”

“The changes allow 65 large companies further long periods of subsidisation by taxpayers, particularly by households, right out to 2050, with farmers and the fishing quota holders continuing getting especially large subsidies.”

Cath Wallace said the Government was passing on both cost burdens and difficult politics to future generations. “It further indicates that the Government has not got a strategy to meet its own commitment to cut greenhouse gas emissions by 50 percent by 2050.”

“This decision is announced at the same time as the science of critical and irreversible damage to the climate and the oceans is getting much more certain and that action is desperately needed.”

“Failing to make a decision on farming further delays incentives farmers need to regear and reduce emissions. It is important for economic efficiency and fairness that farms make to start paying the costs of nitrous oxide and methane emissions which make up nearly 50 percent of New Zealand’s emissions.”

“Struggling households and small businesses will have either to pay for these subsidies in their taxes or to forego public services like health care and education. This Government’s announcements will further increase in taxpayer subsidy to polluters in addition to at least $400million.”

“The continuing industry subsidies will have trade implications too because they mean New Zealand will no longer be able to claim that farming are not subsidised. These subsidies are set to continue right out to 2050 and they are massive: about $1 billion.”

“Not only do these subsidies lead to inefficiency and unfairness, they will also send wrong price signals to investors which will result in a deadweight loss to society as well as harming the climate.”

“New Zealand’s international standing, especially in Europe and the Pacific, will be seriously damaged by the failure to take a strong stand to reduce emissions and by this further back tracking and subsidization.”

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell : On Dealing With Impeccable, Impeachable Lies

By now, the end game the Republican Senate majority has in mind in their setting of the rules for the impeachment trial of Donald J. Trump is pretty clear to everyone: first deny the Democrats the ability to call witnesses and offer evidence, and then derisively dismiss the charges for lack of evidence. For his part, does former security adviser John Bolton really, really want to testify against his former boss? If there was any competing faction within the Republican Party, there might be some point for Bolton in doing so – but there isn’t. More>>

Published on Werewolf

 
 

Coronavirus: Health Staff To Meet China Flights

Public health staff will begin meeting flights from China from tomorrow to actively look for signs of the novel coronavirus and provide advice, information and reassurance to passengers. More>>

ALSO:


WINZ Quarterly Report: More People Getting Into Work

The December quarter benefit numbers released today show the Government’s plan to get people off the benefit and into work is starting to pay off,” Social Development Minister Carmel Sepuloni said. More>>

ALSO:

Changing lives: Boost In Whānau Ora Funding

Whānau throughout New Zealand are set to benefit from an extra three million dollars that will go directly to Whānau Ora Commissioning Agencies, the Minister for Whānau Ora Peeni Henare announced today. More>>

ALSO:


PGF Kaikōura $10.88M: Boost In Tourism & Business

The Provincial Growth Fund (PGF) is investing $10.88 million to boost business and tourism opportunities in Kaikōura, Parliamentary Undersecretary for Regional Economic Development, Fletcher Tabuteau announced today. More>>

ALSO:

Whitebaiting: Govt Plans To Protect Announced

With several native whitebait species in decline the Minister of Conservation Eugenie Sage has today released proposals to standardise and improve management of whitebait across New Zealand. More>>

ALSO:

Education: Resource For Schools On Climate Change

New resource for schools to increase awareness and understanding of climate change... More>>

ALSO:

In Effect April: New Regulations For Local Medicinal Cannabis

Minister of Health Dr David Clark says new regulations will allow local cultivation and manufacture of medicinal cannabis products that will potentially help ease the pain of thousands of people. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels