TDB Today: Put a proper price on carbon

By Gareth Renowden 05/06/2014

The Green Party’s shift to a carbon tax as their preferred measure to to bring down carbon emissions opens up some interesting possibilities, as I discuss in my Daily Blog post this week: Put a proper price on carbon or we’ll pay a proper price.

As long as governments have a completely free hand, and are backed by vested interests with deep pockets, they’ll screw up carbon policy. They’ll do it at every opportunity. So let’s take some of the levers out of their hands, and give them to someone with a legislated requirement to act in the best interest of all New Zealanders.

We do it for economic policy through the governor of the Reserve Bank of New Zealand. Why not for emissions reductions?