informationliberation
The news you're not supposed to know...




Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Jul 01 2010, 11:58 PM Category: Politics/Corruption Source: London Telegraph Print

Prices rise as New Zealand passes emissions trading scheme

By Paul Chapman

Petrol and power prices have risen sharply in New Zealand after the government introduced a controversial emissions trading scheme.

The government has pressed ahead with plans to slash the nationís carbon output, despite widespread opposition and New Zealandís larger neighbour Australia shelving its own scheme.

Motorists were hit by a 3c (1.4p) rise in the price of a litre of petrol overnight, while householders face a 5 per cent increase in gas and electricity prices.

It was the first step in a complex scheme, universally referred to as "the ETS", to slash carbon emissions back to 1990 levels.

Some disgruntled consumers marked the launch by wearing T-shirts with the meaning of the letters changed to read "Extra Tax Sucks".

Businesses facing cost increases have warned they will be forced to raise prices of everyday items, such as the bread on supermarket shelves.

Under the scheme, to be fully phased in over several years, companies trade carbon credits known as New Zealand Units (NZUs).

Industries that are net creators of carbon must buy the units from the government or from sellers whose businesses absorb carbon, such as those that plant trees.

The units can be traded internationally with other countries implementing a similar scheme under the Kyoto Protocol.

Nick Smith, the Climate Change Minister, who has championed the scheme, says it is the first to be introduced outside Europe.

That claim has opponents asking why New Zealand is not waiting for bigger countries such as Australia and the United States to move first.

Dr Smith said New Zealand had to act because its greenhouse gas emissions have increased by 25 per cent over the past 20 years.

"It's actually about New Zealand starting the path, starting the change to a less carbon intensive economy.

"The hard truth around climate change is there is no free lunch." he said.

"If you want to make change, if you want to reduce emissions, then there is going to be a cost."

Critics argue that the gesture is largely symbolic because New Zealand, with a population of only four million and very little heavy industry, contributes only 0.2 per cent of total global emissions.





Latest Politics/Corruption
- Amy Schumer's Funniest Joke Yet...
- When Frivolous Lawsuits Go Wrong
- New York Holds Real Guns To Retailers Heads For Selling Toy Ones
- DNC Chair Can't Answer Question "What's The Difference Between A Democrat And A Socialist?"
- Smoking Gun: MPAA Emails Reveal Plan To Run Anti-Google Smear Campaign Via Today Show And WSJ
- Obama Pledges to Use Last 18 Months in Office Pushing Gun Control
- Obama Admin Seeks to Further Ruin Our Dishwashers
- The State: The Enemy Not Only of All Mankind But of Kindness, Too









No Comments Posted Add Comment


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

In Under a Minute, this Cop Shows Exactly Why People are Losing Faith in Police - 08/02Police Pose As Construction Crew To Extort Texting Drivers - 07/31NYPD Thugs Assault Business Owner As He Closes Shop - 08/03'I Can Detain You For Not Talking to Me!': WI Police Officer Harasses Open Carry Activists, Demands They Leave the City - 08/03Teenager Sues Police After Being Jailed for 40 Days Over a Snowball Then Cleared of Wrongdoing - 08/03Man Threatened With Charges After Catching Post Office Delivering Mail Into Dumpster - 08/04VIDEO: Hillary Supporters Call For Repealing Bill of Rights - 08/03Man Arrested, Charged with Multiple Felonies for Telling Jurors About Their Rights - 08/04

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands Up
(more)

 
Top