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Monday, July 04, 2005

CARBONED

John Quiggin believes the Kyoto Protocol is good news good news good news good news good news good news! So did New Zealand, which anticipated hundreds of millions of dollars in carbon credits.

But now New Zealand faces a massive carbon-trading debt, kind of like that predicted by Bjorn Lomborg (who Quiggin has argued against). It might run to billions. By one estimate, the bill for each New Zealand family will be $900. Which is a little unjust, as Business New Zealand chief executive Phil O’Reilly points out:

"New Zealand produces only 0.2% of world greenhouse gas emissions yet is being penalised as if we were big time polluters."
Just shut up and pay your billions, New Zealander! Remember, Kyoto is good news! Except if you want to build the Taiwanese economy or grow trees:
Some forests planted before 1990 are being cut down early because owners are worried about Kyoto liabilities.
The New Zealand debacle has been unfolding over the past few weeks. It’ll be interesting to read what Quiggin has to say about it. Meanwhile, in other frightening Kiwi news:
Helen Clark put herself in the hands of Australian style experts for a photo-shoot for the cover of the New Zealand edition of the latest Australian Women’s Weekly. The result is “Helen Clark, the woman”.

Posted by Tim B. on 07/04/2005 at 11:47 AM
(17) CommentsPermalink
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