John Key lays his faith on the table:
He said he personally believed human-induced climate change was real and it was still possible National would pass an amended ETS into law within the time-frame it had promised – which "broadly speaking" was the end of September next year.
We can only hope that he can be persuaded that it is a scam, or at the very least that climate change is also a natural thing and therefore we should adapt rather than legislate / ban. The latter should be possible, at least.
The deal requires the National government to pass immediate legislation delaying the implementation of the ETS until the review is complete.
It also requires the lifting of a ban imposed this year on non-essential new fossil fuel-based power generation.
The delay of the ETS will hopefully put us more in step with our trading partners on this. Helen Clark will still be able to say on her CV that she was the first in the world to bring in such a scheme.
Lifting the coal fire power station will hopefully provide us with cheaper power. It's not like we are short of coal.
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