Nick Smith grilled over ETS
Farmers, foresters and others questioned the integrity of the Kyoto Protocol and the theory of global warming at an ETS meeting in Blenheim.
Farmers, foresters and others questioned the integrity of the Kyoto Protocol and the theory of global warming at an ETS meeting in Blenheim.
Petrol prices will rise tomorrow as the Govt's ETS hits households and businesses already facing rising costs.
Many power and petrol companies have announced exactly how much more their customers will pay from Thursday.
The Government estimates the ETS will add 1c a kilowatt hour or 5 per cent to the cost of electricity.
Over the next two and a half years the emissions trading scheme will effect a substantial transfer of wealth.
Inflation makes savers the biggest Budget losers.
Mercury Energy blames the Emissions Trading Scheme for its planned increase in prices from July.
The Government is unlikely to follow through with the ETS as scheduled beyond 2013 unless its major trading partners do the same.
Prime Minister Kevin Rudd's backtracking on his proposed greenhouse emissions trading scheme has unleashed his worst demons.
Australia has dumped plans for a greenhouse emissions trading scheme.