Imagine this: the country’s leading business organisation — noted for its robust espousal of free markets and business freedom — takes the government to task for not doing enough, fast enough to get emissions on a downward path. So it releases four roadmaps, for the power, industrial, energy and transport sectors designed to deliver emissions reductions of 30% by 2020 (overview here). Fantastic, eh? Sadly, it’s not happening here. The organisation in question is the Confederation of British Industry (CBI). John Cridland, deputy director general of the CBI told Business Green:
“Achieving all of this in the ambitious timeframe that has been set will require massive investment of private capital, much of it from abroad,” he said. “But this will only be forthcoming if there is certainty about the direction of government policy, a robust price for carbon, a clear planning and regulatory structure, the right regime for tax and intellectual property, and the skills that will be needed to bring all this new kit to market.”
New Zealand needs to stop ETS implementation until the rest of the world decides what it is doing, avoiding imposing an emission prices ahead of the rest of the world
We have the most â€œpunitiveâ€ ETS in the world (all sectors and all-gases)
The Government will raise more revenue than needed to meet the actual cost of paying for any excess emissions commitment under Kyoto
The ETS is â€œrushedâ€ (even though it has now been nearly 15 years since the Kyoto commitment was made and nothing major, except the ETS, has been done in response)
Agriculture will suffer if the ETS covers that sectorâ€™s gases before others in the world do so.
Couple that with the nonsense contained in the Business Roundtable’s ETS Review submission, and a clear picture emerges. The core of the New Zealand business world just doesn’t understand the climate problem — or have any real ideas for dealing with it. There are good guys in the business world — most notably the Business Council for Sustainable Development — but they struggle to be heard amongst the cacophony from the big emitters and their representatives.
Time for our business leaders to start living in the real world, not in some fantasy where their actions have no consequences, climate change is someone else’s problem, and taxpayers pay all their bills. But I’m not holding my breath.