Of course there needs to be something said in respect of Nick Smith’s current espousal of the climate change cause and that is that back in 2005 they were talking Carbon Tax, whereas today the talk is all about Carbon Trading Schemes. Its a concept that is greeted with enthusiasm among governments and their cronyists. Like most schemes dreamed up by socialists to artificially construct or influence markets, it is in fact deeply flawed. So far, the real winners in emissions trading have been polluting factory owners who can sell minor cuts for massive profits, and the brokers who pocket fees each time a company buys or sells the right to pollute.
Under the Kyoto Protocol, companies in nations with Kyoto targets can avoid making expensive cuts to their own emissions by paying companies in countries like China to make cuts instead. The problem with that theory is that China has no cap on carbon emissions. Companies there can take the payments they receive from overseas polluters and build more factories using coal fired electricity.
The carbon market has collapsed in the EU, (and elsewhere) due to a surplus of credits arising from lax limits on carbon production. In actuality, due to the shonky trading that does go on, and other failures of the scheme, many experts now claim a carbon tax would have been a much more effective solution. The only way to make carbon trading work is to impose severely restrictive caps on industry. These caps would have to be so restrictive any government introducing them would be guaranteed a short time in power. So at the bottom of it all are the taxpayers and voters, who are being forced or coerced into supporting a scheme they don’t believe in. Awake now to the scam that climate change really is, they are not prepared to bear the financial brunt of the bad judgment of political fools like Nick Smith and John Key.
At the moment the government is planning a review of Smith’s current scheme, but not with a view to cutting it back. They’re actually considering stronger measures. Idiocy in view of NZ’s current fiscal position. Farmers too need to snap out of their lethargy on this issue. They are exempt until 2015. So what? If National continue to stubbornly promote this costly and non-productive farce, and loot taxpayers to pay for it, the need for a third/new party becomes even more evident. Farmers should look at putting money into such an endeavour. There is obviously no profit for them in continuing to support the vacuous Key and Smith and their spineless hopeless UN enthralled acolytes.