Thanks Rodney. Thanks John. From Scoop:
Specialist news service Carbon News this morning reports broker Nigel Brunel, of OMF Financial, as saying New Zealand is “a bit of a joke in Europe at the moment” following the National-Act agreement to suspend the emissions trading scheme.
“This was New Zealand’s opportunity to reinvent its financial markets by being the Asian centre of the carbon trade.”
But this week’s announcement that the incoming government will put the ETS on hold pending a review that will go as far as considering a carbon tax instead of an ETS and will re-examine the validity of the science behind climate change, has jeopardised everything, Brunel says.
“We have just fallen off the radar in Europe,” he said. “They are saying ‘all you do is talk. You’ve been talking since 1992. You are all talk and no action. You maintain that you are so clean and green and try to be leaders and all you do is nothing. You make a decision and then you change your minds. How can we do business with people like that? We can’t take you seriously’.”
Well, I confess that I have never taken Rodney Hide very seriously, particularly when it comes to his science. Europe is into its fourth year of emissions trading. Claims of New Zealand leadership from National and Act during the campaign were fallacious.
All I can say is that I am looking forward to the blow torch of lobbyists coming onto National and Act, hard and fast. Oh, and the Maori party and UF too. They stood on the sidelines and threw stones while the rest of parliament got on with the challenging work of coming up with an ETS agreement that could get a majority in parliament. Even though it was our second choice, we Greens rolled up our sleeves and engaged with the real work.
Now John and Rodney have re-opened Pandora’s box and there will be hell to pay as the lobby groups from all sides pony up the big cash and the big guns. Meanwhile, the very allies and trading partners that National and Act say we should emulate are actively putting in place their own schemes. And we wonder why we look the fools on the international stage. Bad timing boys!