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Prices rise as New Zealand passes emissions trading scheme

Posted By admin On July 1, 2010 @ 4:06 am In Featured Stories,Sci Tech | Comments Disabled

Paul Chapman
London Telegraph [1]
July 1, 2010

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 nation’s carbon output, despite widespread opposition and New Zealand’s 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”.

Full article here [1]

Prices rise as New Zealand passes emissions trading scheme  140410banner4 [2]


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URLs in this post:

[1] London Telegraph: http://www.telegraph.co.uk/news/worldnews/australiaandthepacific/newzealand/7865009/Prices-rise-as-New-Zealand-passes-emissions-trading-scheme.html

[2] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

[3] CSIRO bid to gag emissions trading scheme policy attack: http://www.prisonplanet.com/csiro-bid-to-gag-emissions-trading-scheme-policy-attack.html

[4] Air fares set for dramatic rise under EU emissions scheme: http://www.prisonplanet.com/air-fares-set-for-dramatic-rise-under-eu-emissions-scheme.html

[5] Ripples of Climategate? Liberal MP’s desert Turnbull in Australia over emissions trading scheme: http://www.prisonplanet.com/ripples-of-climategate-liberal-mp%e2%80%99s-desert-turnbull-in-australia-over-emissions-trading-scheme.html

[6] Supermarkets cut petrol prices just as oil cartel votes to CUT production by 1.5m barrels per day to boost flagging value: http://www.prisonplanet.com/supermarkets-cut-petrol-prices-just-as-oil-cartel-votes-to-cut-production-by-15m-barrels-per-day-to-boost-flagging-value.html

[7] Capping Emissions, Trading On The Future: http://www.prisonplanet.com/capping-emissions-trading-on-the-future.html

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