Monday, August 23, 2010

The cost of the ETS

Muriel Newman writes in her weekly column: 
 
It is very clear that the direct costs of the ETS [Emissions Trading Scheme], in the form of increases in power and petrol and rising prices across all goods and services in the economy, is having a negative effect in these bleak business conditions. How much it has contributed to the increase in 19,000 people who have lost their jobs over the last few months - to take unemployment back up from 6 to 6.8 percent - is difficult to tell. What is not so hard to ascertain is that the decision to implement the ETS was clearly a victory of one-eyed ideology over common sense, thus making a lie of Bill English’s promise that his government is focussed on improving the country’s economic performance.

Read the rest of the article online.  
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