One would think that the environmentalists would be thrilled tonight, having picked up an extra seat in parliament. [I am thrilled too, having made $50 or so on iPredict, although thanks have to go to Kiwiblog for the tip. Mr Farrar you can claim your beer when next in Christchurch]
But no, they are sad, because New Zealand is apparently a joke in Europe.
...broker Nigel Brunel, of OMF Financial, [is quoted] as saying New Zealand is “a bit
of a joke in Europe at the moment” following the National-Act agreement
to suspend the emissions trading scheme.
Now OMF Financial is company with a carbon trading arm (so they hope), and Mr Brunel is their man in Wellington, by the way. This from their web site:
The ETS focus is the compliance market – the scheme is compulsory and
punitive for those who do not comply. The New Zealand compliance market
involves the top 200 emitting companies who are continuing to emit
Green House Gases (GHG’s) and therefore will be forced to either reduce
their carbon footprint and/or buy carbon credits to offset their
[So, suckers...] Please contact Nigel Brunel on +64 4 4990028 or firstname.lastname@example.org[or we'll release the hounds]
Poor old Mr Brunel has probably just managed to set himself up in Wellington, has been on the job less than a year, and has installed his money-printing press. He was hoping for safe harbour from the financial storms all around him. All he needed was for the Emissions Trading Scam to hold together for a little while longer so he could make his fortune!
Mr Brunel may still get his cream, but for the moment there is a delay while the government decides whether the ETS is worth pursuing. (The answer is no, by the way).
But I think Mr Brunel has this wrong, and he is the one who is a joke. And now that we are contemplating not sending $1 billion or so each year to Russia, New Zealand might be somewhat less of joke in the Eastern parts of Europe.
Chalk one up to common sense. The environmentalists finish:
Meanwhile, the very allies and trading partners that National and Act
say we should emulate are actively putting in place their own schemes.
And we wonder why we look the fools on the international stage. Bad
'Actively putting in place' doesn't sound like they've actually done anything yet. That's European-speak for 'let's all have a nice cup of tea and talk about the war'. It is a bit hypocritical for Europeans to complain that little old New Zealand, responsible for less emissions than Essex, should refuse to be first into the economic slaughterhouse. Let's see their schemes first shall we, and then we can see who is the fool.
Good luck in your new job, Nigel. Perhaps you could try something that doesn't rely on regulation.