Thursday build-up

With only a couple of days to the government’s big emissions trading announcement, the media are getting all excited. Colin James in the Herald grumbles about the lack of consultation and the need to build a consensus outside of Parliament, and then switches tack to suggest that the really important negotiations are to do with what follows Kyoto. Rod Oram in the Sunday Star Times suggests (rather more cogently) why there’s hope of action by the US, Australia and China. The Press, meanwhile, fears that some power companies might make windfall profits under emissions trading (step forward Meridian), and predicts that forestry could be the next big thing.