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This is from the NZ Herald:
Prime Minister John Key said today the Government was “now effectively in negotiation”.
“There’s an ETS on the books, it’s a very expensive one under Labour, it would mean that quite a number of business in our view would close down. There would be a high price for consumers to pay.
“We want to amend that. Our preferred option is an ETS,”
So, according to Key, an ETS is a good thing if he thinks that it is affordable.
I find the notion of an emissions trading scheme quite bizarre: the government wants to create a tradable commodity out of thin air, based on the false premise of anthropogenic (man-created) climate change. Who wins out of this? The state of course, because there will be GST on every trade. Also, the International Monetary Fund has admitted that carbon trading is a tax and will take money away from wealthy countries, giving it to poor ones.
I say that there should be no Emissions Taxation Scam.