INDEPENDENT NEWS

Good News On Carbon Tax

Published: Wed 21 Dec 2005 03:55 PM
Good News On Carbon Tax
Farmers are pleased that the government will not impose a carbon tax from 2007, said Hugh Ritchie of Federated Farmers of New Zealand (Inc).
"The tax would have sucked money out of rural communities, hurt the New Zealand economy, and done nothing to reduce carbon dioxide emissions,” said Mr Ritchie, the Federation’s climate change spokesman.
“Abandoning the carbon tax in the first commitment period of the Kyoto protocol (2007-2012) is common sense. It would have added costs to every step in the product chain, from on-the-farm operations through to increasing costs of transport, processing and exporting.
“Farmers are already under pressure from rising interest rates, a strong dollar, and weakening commodity prices. The carbon tax would have delivered another blow to farmers and reduced the international competitiveness of New Zealand’s number one export earner.
“So, congratulations to the government for seeing reason on the carbon tax. That said, the Federation will be looking closely at other details in the government’s climate change package, including its policy on Kyoto forests and use of farm levy funds for research,” said Mr Ritchie

Next in Business, Science, and Tech

NZ EU FTA Coming Down To The Wire – Hold The Line, Says Business Forum
By: NZ International Business Forum
NZ space sector set to star in Moon mission
By: Ministry of Business Innovation and Employment
The Sky Is The Limit - Air New Zealand To Relaunch 14 International Routes In 16 Days
By: Air New Zealand
Cashing In On Carbon: The New Carbon Marketplace Helping Native Forest To Thrive
By: Carbonz
Entrust Dividend Will Be Welcomed After Another Tough Year
By: Entrust
NZ Economy: Prevailing Headwinds
By: BusinessNZ
View as: DESKTOP | MOBILE © Scoop Media