NEW REPORT: 'households, road users and SMEs' carry multi-billion ETS bill
30 Apr 2008

Economist Dr Geoff Bertram
All sectors of the economy should come into the emissions trading scheme at the same time to avoid the “huge transfer of wealth” that will be the result of the proposed scheme, says the New Zealand Sustainability Council in a report out today.
The warning follows Carbon New’s revelation yesterday that the New Zealand Institute of Economic Research is predicting wage cuts of $2.30 an hour, 22,000 lost jobs and a cost of households of up to $5000 under an ETS.
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Story copyright © Carbon News 2008