ETS reviewRichard Treadgold | September 5, 2012
I haven’t had time to research this but I still want to give it some exposure since it’s happening in New Zealand.
Australis tells us in comments where to contribute a submission.
A topical topic to pick is the Government’s “Climate Change Response (Emissions Trading and Other Matters) Amendment Bill”. Submissions close on Monday next, and can be sent to parliament.
The Bill is useful in that it extends the current cost of the scheme rather than doubling the rate in January 2013. But if halving the economic burden is a good thing then removing the burden altogether would obviously be a much better thing.
In particular, the Bill changes the entire nature of the legislation from being nominally a (wrong-headed) environmental measure to being an outright tax instrument. In future, the Minister will auction NZ carbon credits and retain the proceeds. There will no longer be any obligation to back the NZUs with international carbon credits (earned by abating emissions somewhere).
Let me ask the possibly bone-headed question (and preserve the dignity of other readers): What leads you, Australis, to describe the proposed ETS provisions as an outright tax?