NZ to 'calibrate' response on ETS – Groser

Sat, 07 Jul 2012 2:16p.m.

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This week, the Government stepped back from its carbon tax commitments, revealing that agriculture and industry would wait longer before paying higher prices under our Emissions Trading Scheme (ETS).

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8/07/2012 8:36:19 a.m.

Dr Euan Mason, Univ. of Canterbury wrote:

The biggest problem with our ETS is that it allows trading in "certified emission reduction" (CER) credits, which do not make logical sense. The reward for reducing emissions should be to not have to purchase credits. A gift of credits to those who reduce emissions represents a double payment, and CERs are undermining our ETS, leading to low NZU prices and reduced investment in much needed forests to fill a looming gap in our GHG accounts during the 2020s.

8/07/2012 8:31:10 a.m.

Dr Euan Mason, Univ. of Canterbury wrote:

New Zealand taxpayers are subsidising farmers in our ETS. It is not a question of whether the minister imposes costs or not, but on whom the costs are imposed.

8/07/2012 8:28:29 a.m.

Dr Euan Mason, Univ. of Canterbury wrote:

New Zealand could be completely GHG neutral by investing alternative energy sources and planting a Latrell modest amount of new forest on our eroding lands. Hill country farmers would be the main beneficiaries of the ETS, because they own the land on which the trees would be planted. Federated Farmers is undermining its members by pushing for a weakened ETS.