May 06, 2008
http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/cold_comfort_for_victims_of_warming_faith/
Fran O'Sullivan says New Zealand might regret signing up to a carbon
trading scheme like the one Kevin Rudd wants for Australia:
But my pick is that (Finance Minister Michael) Cullen will be concerned
at the raft of reports by respected forecasters like Infometrics and the
Institute of Economic Research that say the emissions trading scheme
will have a major economic impact: 22,000 jobs gone by 2012, wages down
by $2.30 an hour by 2025 and a cost to households of $600 a year by
2012, rising to some $3000-$5000 a year by 2025, depending on the
international carbon price.
Then there's the price of the carbon credits New Zealand must buy to
offset its failure to meet its Kyoto targets for cutting emissions:
Greenhouse Policy Coalition executive director Catherine Beard said
Treasury had revalued New Zealand's Kyoto Protocol deficit to be worth
more than $1b on a price of $22 per tonne of carbon-a 165 percent
increase in the price of carbon over three years.
And all to "stop" a warming that seems to have stopped already - in
1998.
--
Regards
Bonzo
"A lot of environmental messages are simply not accurate. But that's the
way we sell messages in this society. We use hype. And we use those
pieces of information that sustain our position." Professor Jerry
Franklin, Ecologist, University of Washington
