WALL STREET JOURNAL DUBS NZ ETS 'A BUNCH OF HOT AIR'
Posted 9 September 2009
"To the annals of global warming lunacy, add this gem from New
Zealand: According to a parliamentary committee, Kiwis should accept
lower standards of living to protect the national image abroad. The findings of the 'Emissions Trading Review Committee' aren't
binding, but they tell much about how deep today's green religion runs...Their report, issued last week, doesn't question disputed United
Nations climate-change assumptions, nor explain the cost to the average
Kiwi of taxing every corner of the economy—especially agriculture, the
country's biggest export. The authors brush aside the fact that New
Zealand only emits 0.2% of global emissions, calling it "small," but
"not insignificant." ...This is green PR gone wild. New Zealand already boasted one of the
world's most pristine environments before it passed cap-and-trade last
year. The law, if anything, has made the country less green, not more
so." Wall Street Journal editorial.
Last Updated ( Wednesday, 09 September 2009 )