Government abandons fiscal responsibility pledge with ETS changes

Wed, 12 Sep 2012

By Pattrick Smellie Sept. 12 (BusinessDesk) - The National Party's pre-election pledge to keep amendments to the emissions trading scheme fiscally neutral has been blown out of the water by the changes proposed in the Climate Change (Emissions Trading and Other Matters) Amendment Bill. The executive director of the New Zealand Sustainability Council, Simon Terry, has released new calculations, based on data released under the Official Information Act, to show New Zealand will not only add greatly to its carbon emissions deficit by 2020, but i...

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