ETS: Petrol prices go up
Thu, 01 Jul 2010 12:42p.m.
By Brook Sabin
Update: Petrol prices around the country have just increased - BP, Shell, Mobil and Caltex have just increased costs by three cents or more.
The cost of living just went up – courtesy of the environment.
The Government is predicting the Emissions Trading Scheme, which came into effect today, will stop 19 million tonnes of carbon dioxide going into the atmosphere in its first three years.
Everything, from petrol to power and food, faces price increases.
“All these extra costs are going to have a huge impact on people,” says budgeter Pam McKenzie.
From today, petrol is set to go up 3.5c per litre. Diesel will go up 4c.
That will increase transport costs, meaning everything from food, clothes and home appliances may face a modest price increase.
Power is likely to go up around 1.5c per kilowatt per hour.
The Government estimates the average family will pay an extra $5 per week under the changes.
But that’s not the only increase taking affect from this morning.
“ACC went on, so that means people who have got cars will pay more for their registrations,” says Ms McKenzie.
“In future we’re going to see an increase in GST, which is going to put a huge cost on food.”
The increase in price comes as fuel and energy companies begin charging their customers for the emission units they have to buy, to offset greenhouse gases released as their goods and services are used.
Greenpeace says just because everything is getting more expensive in the name of the environment, don’t think you’re saving it.
“The Emissions Trading Scheme is not really going to do much to cut real emissions – unfortunately it’s really badly designed,” says a spokesperson.
If you’re beginning to feel a little short-changed, the Government claims tax changes announced in the budget will more than compensate for the new cost of living.
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2/07/2010 1:03:59 p.m.
Captain Long Jon wrote:
ETS-Emissions Tax Scandal
1/07/2010 9:59:30 p.m.
Jay dont take any notice of Lightseed,he is such a greaser up the back side of the National party,He will try and deny it.Just look at some of the comments he has made your opinion,he always has a very low ranking.What he has said is the way the Nats all work,Turn off lights,grow your own garden etc etc.If this government gave those poorer people a better living standard in stead of feeding them selves with dishonest perks etc,the better this country will be.What Lightseed has written is all political crap.
1/07/2010 9:51:05 p.m.
effective rate for GST becomes 19.74% with the ETS's spread rise on all goods.
Bottom Line: Given the current rate of business closure, debt and bankruptcy, New Zealand will reach a point of total economic collapse within 39.2 months. New Zealand will then surrender it's identity and sovereignty to the IMF. If you don't believe this, ask Bill English why now $ 2.5bn has been pledged to the IMF on point on such collapse. Welcome to global communism.
1/07/2010 8:36:59 p.m.
@Simon: I know costs are passed on. Do you drive a car? Then you are creating emissions. Therefore you should pay for it, and not have every other taxpayer subsidise your pollution. The point is to disincentivise behaviour that creates emissions. It wouldn't disincentivise that behaviour if ordinary people didn't absorb any of the cost of the impact their behaviour has on the environment. The revenue generated goes into greenhouse gas reducing activities (like planting forests) to lower our liability to other countries under the Kyoto Protocol so we save money in the long run. As it is we are paying a lot of money under Kyoto with no mechanism to actually lower our emissions (and therefore our payments).
1/07/2010 6:21:23 p.m.
Vote for the New NZ Independent Party, No to corrupt Banks, No to corrupt Politicians, Indeed Fraud investigations of John Key, Helen Clark and any other New World Order criminals
1/07/2010 6:05:05 p.m.
Jay, you do realise, but most likely not, that under the ETS that labour passed, and National watered down, under labour you would be paying double what you are under national for ETS. So you want to get rid of that and have it double again? Don't want a higher power bill, learn to turn off what you aren't using. Petrol has gone up 3 cents, why are people complaining it was far higher than that not too long ago. Don't like the price of food, grow some vegetables and decrease you shopping bill that way. Really, its up to people how much they pay for what they are doing. Time people become responsible.
1/07/2010 5:13:46 p.m.
Labour were going to introduce it as well, it may have cost us more. Vote in the greens it would cost us a hell of a lot more. The only option left is Act who are against it. As hard as it is for everyone unless we all vote Act we probably have the best option now.
1/07/2010 4:14:27 p.m.
There was only one political party who understands the stupidity of ETS. Just shows how stupid NZ's are when over 50% (according to the survey on this web site) think it is a terrible idea but then they did vote for it! Wake up New Zealand.
1/07/2010 4:03:48 p.m.
Jay - The ETS was going to be introduced by Labour anyhow. However under them it would have been even more expensive.
1/07/2010 3:52:34 p.m.
@ Alex unless you live in a cave, walk and eat nothing but fresh air YOU like all of us are paying this tax, those that create simply pass the costs on.
Just like Robin Hood "they take from the rich to give to the poor, and keep a little but for expenses"
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