Thursday, May 1, 2008

ETS 'could cost 22,000 jobs'

Further criticism of the Government's emissions trading scheme (ETS) has come from the New Zealand Institute of Economic Research (NZIER).

The NZIER says the scheme could cost the country 22,000 jobs and almost $6 billion over the next 17 years - nearly three times as much as the country would pay if it simply bought the carbon credits needed to meet New Zealand's commitments under the Kyoto Protocol on the world market.

The Manawatu Standard reports that "the institute refuses to say who funded its damning report, prompting speculation it was commissioned by major emitters who stand to be penalized under the scheme".

No comments: