- Date published:
8:12 am, March 5th, 2016 - 13 comments
Categories: climate change, ETS, global warming - Tags: climate change, Emissions Trading Scheme, ets, global warming, jeanette fitzsimons
Recognising that a carbon tax would be more effective, the Greens were reluctant to endorse Labour’s emissions trading scheme, but did so on the basis that it was better than nothing. When National took over in 2008 they gutted the scheme, and now we’re at the point where it is used to launder essentially fraudulent carbon credits. Jeanette Fitzsimons has reached the obvious conclusion:
Jeanette Fitzsimons: Forget tinkering with emissions trading scheme, scrap it
The Government is consulting on its review of the Emissions Trading Scheme (ETS). However the key questions that need addressing are outside the scope of the review.
The review will not consider whether the ETS is the best way to address climate change. It will not consider when, if at all, agriculture should contribute to moving to a clean economy.
It will not consider whether there should be a floor price for emissions, or a cap on the quantity that is allowed. The ETS should not be amended, but withdrawn entirely. It fails on every count and is in fact counter-productive.
The purpose of a price on carbon emissions is to encourage people and firms to make better decisions in how they use energy (avoid that extra trip to town); and more importantly, better investment decisions: a wood-waste boiler instead of coal; a wind rather than gas-fired power station; a more efficient car next time. The ETS has done none of this.
The ETS should be abandoned and replaced with a simple and gradually rising price on carbon through a carbon charge, the proceeds distributed equally to all New Zealanders.
The ETS has been not only useless but counter-productive in limiting greenhouse gas emissions. There is no point in tinkering with it.
Read the full piece for plenty more. In other news:
2015 hottest year. By. Far.
Our Hemisphere’s Temperature Just Reached a Terrifying Milestone
Arctic warming: Why record-breaking melting is just the beginning
Seas Are Rising at Fastest Rate in Last 28 Centuries
Cyclone Winston, Strongest Southern Hemisphere Storm in History, Hits Fiji
…and so on, and so on.