The political consensus in this country is that New Zealand will look good on the world stage because we have an emissions trading scheme in place and that we are therefore leading the world in “fighting climate change”. This dubious honour comes despite earlier assurances by Prime Minister John Key that New Zealand would be a “fast follower” behind Australia.
Back in 2005, Nick Smith argued that any form of carbon tax would be “mad” because “New Zealanders will be the only people in the world paying it” and that it “will drive up the costs of living and undermine the competitiveness of New Zealand business for negligible environmental gain.” Continue Reading →
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