Simon Johnson looks at the Government’s amendments to the New Zealand Emissions Trading Scheme and concludes we are arguing about what gear to drive in as we speed towards the cliff. The Government has kindly given us the opportunity to make a submission about how fast fast we should go over the emissions cliff. Time to fasten your seatbelts.
Back in July, Tim Groser announced more watering-down of the New Zealand Emissions Trading Scheme (NZETS). About a week ago, on 23 August 2012, Groser introduced the amending legislation – the Climate Change Response (Emissions Trading and Other Matters) Amendment Bill. Consistent with previous emissions trading scheme legislation, the bill will be fully and rationally considered by Parliament’s Finance and Expenditure Select Committee in an insultingly short period of time – ten working days. The closing date for public submissions is Monday, 10 September 2012.
What does this ETS amending bill do?