ETS: Limited Benefits and Embarrassing Consequences

 
All New Zealand voters need to think smart before they vote after a damming report from SWISS banking giant UBS which shows the European Union's Emissions Trading Scheme has cost $287 billion for ‘almost zero impact’ on cutting carbon emissions , ACT New Zealand Primary Industry Spokesman Don Nicolson said today.  
 
“New Zealand has an even more all-encompassing and costly ETS acting as a brake on our economy.  It’s costing every household, every small business, and every farmer, huge amounts for what? A big fat zero,” Mr Nicolson said. 
 
“As a country we cannot afford to be yet another Western democracy that has not faced up to reality. 
 
“We therefore cannot afford to have poor policies like the ETS – which UBS labelled in the EU as having ‘limited benefits and embarrassing consequences’ – dragging our economy down.   Yet National, Labour and the Greens continue to push for this foolish scheme.   
 
“It is no good thinking what may have been after the election – this Saturday is crunch time. 
 
“ACT is the only Party that is opposed to the ETS and is the only Party that will continue to push for the scheme to be scrapped until our major trading partners come on board.
 
“If New Zealanders want to rid themselves of the ETS handbrake on our economy, and if they honestly care about our future, then they need to make sure they give their party vote to ACT,” Mr Nicolson said.