Daily Archives: 28/04/2010

Our glorious Earth, 4500 million years of age, with its fragile atmosphere, which appears now in dire need of protection from us. Note how thin the atmospheric layer appears in this stunning photograph. This is where talk of emission trading schemes began; their aim was to conserve this thin, life-giving layer. But then financial interests (people with money) saw good possibilities, in gaining permission to sell the thin air, of making, perhaps, a dollar or two for little outlay. All right, no outlay. If the thin air is given further thought as this wonderful new scheme begins to dominate our economies I would be surprised. Powerful forces are pushing the climate change hustle as strongly as they can and the welfare on their mind is not the planet’s.

In the Parliament today, Chris Auchinvole asked Nick Smith (Minister for Climate Change): “Are claims correct that New Zealand is the first in the world to have an emissions trading scheme, and that it is just a tax for revenue purposes?”

And thus did Nick reply:

No, 38 countries have commitments under the Kyoto Protocol, and 29 of them, or three-quarters, already have an emissions trading scheme. Nor is the scheme a tax. Although consumers and businesses will pay $350 million in the first year of the scheme for their emissions, foresters will receive $1,100 million in carbon credits for post-1989 forests. Far from providing net revenue to the Government, the scheme is actually a cost to the Crown. There are 12,000 New Zealanders who, in good faith, planted trees on the assurances of both National and Labour Governments that they would receive carbon credits for those post-1989 forests. The emissions trading scheme honours that commitment.

But the facts are different from those presented by our Nick. Continue Reading →

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