ETS: No change now, maybe 2013 – Smith
Thu, 08 Apr 2010 10:54a.m.
There will be no immediate change to the introduction of the Emission Trading Scheme (ETS) but delays in later stages are possible, Climate Change Minister Nick Smith says.
Prime Minister John Key yesterday ruled out delaying the introduction of the ETS despite concerns from businesses.
The transport, electricity and industrial industries are scheduled to come under the ETS on July 1.
Businesses were concerned New Zealand companies would be less competitive internationally because major trading partners, including Australia, were yet to introduce their own schemes.
Climate Change Minister Nick Smith said today the introduction in July was a "half-step" and would go ahead as planned.
It was only a 50 percent obligation starting on July 1 and there was a carbon price cap, so the cost was "not excessive to businesses", Dr Smith told Radio New Zealand.
"We think we've got the balance pretty right but we do need to keep flexible."
ETS legislation allows for a formal review of the scheme in 2011 and a increase in obligations from January 1, 2013.
At that time the Government would look at international progress, especially in Australia, the United States, Japan and Europe, Dr Smith said.
"If there was not progress in those other major trading partners, I think the Government would be unlikely to proceed with that step-up."
Until then there will be no change.
An average New Zealand family could expect an $165 annual increase in expenses from July, he said.
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8/04/2010 12:18:51 p.m.
So Key and his Corrupt cronies are going ahead with this bogus bullshit. Just shows they don't give a rats arse about the people of this country or how this will affect Middle and Lower Income earners. But hey, they will have a nice slush fund to boost their legal fee and travel perk pool.
8/04/2010 12:13:32 p.m.
What a load of bollox, Global warming has been proven to be a politicaly driven load of crap. Why is this country signing up to an agreement that most other countries in the developed world are refusing to sign up to. Then to make matters worse the govt push the compliance cost onto consumers. Its not like Labour wouldn't have signed up to it but at least the labour ETS put the cost onto the people profiting from the carbon they produce. This crap excuses the people what cause it so its not going to make any difference to the planet (if indeed it causes any problems) Any scheme that we agree to must have some effect on the level of emmissions if its to be credible this bulsh!+ does nothing except make people rich from trading in carbon credits. Way to go John Keys. Its just as well for you New Zealanders have no way of knowing what offshore investments you have because i'm willing to bet he has a stake in it too.
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