Tuesday, September 9, 2008

Climate bill to make life tougher for all

"Climate bill set to sting households," today's top local news headline in the Manawatu Standard announces.

The "bill" is the Climate Change (Emissions Trading and Renewable Preference) Bill, which is set to pass tomorrow.

According to the Institute of Economic Research, the scheme will cost households about $3000 a year by 2025. Other institute predictions are that 22,000 jobs will be lost, wages will drop by the equivalent of $90 a week, and nearly $6 billion will be lost from the economy during the next 17 years.

The higher costs to households will be for everyday items/services, such as electricity, petrol, milk, and rubbish disposal.

I recently passed a man in the main square who was holding a sign that read "I'm hungry. Can you spare a few coins?" How many more such people will we see in the future?

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