![<i>Brian Fallow</i>: Winners and losers in ETS wealth shift](/pf/resources/images/placeholders/placeholder_l.png?d=793)
<i>Brian Fallow</i>: Winners and losers in ETS wealth shift
Over the next two and a half years the emissions trading scheme will effect a substantial transfer of wealth.
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.
Two big power suppliers have blamed the Emissions Trading Scheme for price rises which will add an average $5 a month to electricity bills.
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.
The Australian govt is shelving plans to start its ETS for at least three years, but the NZ Government says it has no plans to delay the scheme here.
Garth George writes that John Key should listen to voters, business and logic, and delay any emissions trading scheme.