So if New Zealand commits economic suicide, China and India will blindly follow? (Note that CO2 hysteria is fading quickly in China.)
Emissions trade delays costly for NZ - lobby - New Zealand news on Stuff.co.nz
Emissions trade delays costly for NZ - lobby - New Zealand news on Stuff.co.nz
New Zealand's customers in affluent nations, could source alternative lower-carbon products and services from elsewhere, and damage to the "clean, green" reputation could strip earnings from the tourism sector.
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New Zealand needed to be a first-mover on emissions trading to encourage other countries to include agriculture and forestry in their own ETS schemes, levelling the playing field in trade.
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You may be interested to know that the report cited as "The council -- whose members include many of the nation's biggest companies, including major emitters of greenhouse gases -- commissioned the report a couple of weeks ago from consultants Sinclair Knight Merz (SKM), and today sent it to every MP." is a bit misleading. The report was commissioned by two STATE-OWNED electricity companies who have significant renewable energy generation - they are basically hydro electric companies. Ie - they will make a crap-load if the ETS is passed, and they support the governments' position (Prime Minister Helen Clark was given a UN "Champion of the World" award for pledging that the country would become carbon neutral, despite CO2 emissions rising under her watch, outstripping percentage growth in most countries!) And all this in a country where we are facing rolling black-outs because our hydro storage is too low.
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