Tagged: ETS

Norwegian Wood (this exporter has flown) - Hot Topic

Mr February Nov 14, 2012

Norwegian wood and newsprint transnational Norske Skog Tasman (NZ) Ltd ‘exports itself’. Simon Johnson aka Mr February looks at the flight of another manufacturer and CO2 emitter and exporter as it lays off staff and reduces production. Wasn’t the very generous free allocation of units in the New Zealand Emissions Trading Scheme meant to keep […] … Read More

Don’t worry Kyoto (National’s Only Looking Out For Its Friends) - Hot Topic

Gareth Renowden Nov 12, 2012

The New Zealand government has announced that the country will not join the second commitment period of the Kyoto Protocol (CP2), but will instead make voluntary commitments within the Kyoto framework [Herald, NBR]. Climate change minister Tim Groser presented this move as: …aligning [NZ's] climate change efforts with developed and developing countries which collectively are [...] … Read More

Will the last business lobbyist to leave please turn out the light at the end of the ETS tunnel - Hot Topic

Mr February Nov 10, 2012

In this post Simon Johnson aka Mr February channels his inner General Westmoreland and his Vietnam flashbacks to look at National’s latest change to the New Zealand Emissions Trading Scheme (NZETS). Parliament has just (8 November) passed amendments that indefinitely defer any greenhouse gas obligations for agriculture and indefinitely discount obligations to industries.This is a […] … Read More

Brother, can you spare $3.10 for a tonne of carbon dioxide? - Hot Topic

Mr February Oct 18, 2012

In which Mr February (aka Simon Johnson) looks at the uselessness of the report of the Finance and Expenditure Committee on the Climate Change Response (Emissions Trading and Other Matters) Amendment Bill, people begging on Lambton Quay in Wellington, and the fact that the spot price for a tonne of carbon dioxide is the same […] … Read More

Rio Tinto Alcan NZ plays godfather: nice aluminium smelter you got, be a shame if something happened to it… - Hot Topic

Mr February Sep 11, 2012

Simon Johnson argues that Rio Tinto Alcan NZ (NZ Aluminium Smelters Ltd), the owner of the Tiwai Point aluminium smelter is “Godfathering” the smelter, its workforce, the Southland economy, the NZ electricity market, Meridan Energy and the poor critically endangered slow-breeding kakapo, as well as “Godfathering” the NZ emissions trading scheme to get excessive free [...] … Read More

In defence of banning the bulb - Hot Topic

Bryan Walker Sep 09, 2012

I see Canterbury University economist Eric Crampton politely disagrees with my post on the failure to ban incandescent light bulbs. I’d like to comment on a couple of the points he raises. The first concerns the non-priced carbon embodied in the production and distribution of fluorescent and LED bulbs, and the possibility that it may [...] … Read More

How fast shall we drive over the cliff? NZ’s ETS watered down (again) - Hot Topic

Mr February Sep 04, 2012

Simon Johnson looks at the Government’s amendments to the New Zealand Emissions Trading Scheme and concludes we are arguing about what gear to drive in as we speed towards the cliff. The Government has kindly given us the opportunity to make a submission about how fast fast we should go over the emissions cliff. Time [...] … Read More

NZ ETS, you are the weakest (international) link - Hot Topic

Mr February Aug 14, 2012

Simon Johnson (Mr February) argues that the New Zealand Emissions Trading Scheme (NZETS) is “the weakest link” due to its high exposure to the international carbon market. The strong “international linkage” is the other side of the coin of the uncapped design of the NZETS. Both features reinforce just how ineffective the NZETS is in [...] … Read More