October 18, 2005

NZ WITH W:

Kyoto goals not attainable without crushing the economy: Time to hook up with the Americans, Aussies on climate strategy (National Business Review)

A new report by economic consultancy Castalia reiterates and amplifies earlier warnings about the cost to the economy of attempts to meet greenhouse emission goals set out by the Kyoto accord, saying significant social and economic dislocations are in the cards should the government make a serious compliance attempt. [...]

[A]lex Sundakov, says until new technologies have been developed to reduce greenhouse gas emissions from fossil fuel use and agriculture, it will be impossible to reduce emissions in New Zealand if we want to continue to grow our economy.

“With nearly half our greenhouse gas emissions coming from agriculture, where there are no easy solutions, it will be very expensive if we have to try to wring the required national emission reductions out of the remaining sectors of the economy”, he said. “In addition, increasing CO2 emissions from transport are closely related to economic growth.”

He says another factor is that industrial process emissions are all associated with sectors that are globally mobile, so companies can move their operations to countries where they would not face carbon taxes and price based measures.

The result would be a loss of business for New Zealand - the emissions simply moving to another country.


And the Anglosphere shall lead them.

Posted by Orrin Judd at October 18, 2005 5:43 PM
Comments

Isn't that exactly what Tony Blair said at Clinton's party a few weeks ago?

Posted by: Robert Schwartz at October 18, 2005 6:11 PM
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