Busi­ness sings new tune on ETS

Element - - Enterprise -

The busi­ness sec­tor is more pos­i­tive about the Emis­sions Trad­ing Scheme than it was two years ago. Cli­mate Change Min­is­ter Nick Smith says that sub­mis­sions to the re­cent re­view of the scheme show a marked and pos­i­tive shift in busi­ness’ per­spec­tive on the scheme. “In con­trast to the 78 per­cent of busi­ness sub­mis­sions op­posed to the scheme two years ago, 63 per cent now sup­port it,” he said. “This re­flects the value of cer­tainty, the fact that crit­ics over-stated the costs of the scheme, and the care­ful ap­proach the Gov­ern­ment has taken to the tran­si­tional ar­range­ments.” It should be noted, he said, that most busi­ness sub­mit­ters, or 60 per­cent, ar­gued that the scheme should be slowed as com­pared to 15 per­cent who wished it to be sped up. “There is also not much sur­prise in the view of NGOs, who not only strongly sup­port the scheme, but 66 per­cent wanted it sped up, as com­pared to 17 per­cent, who wished it to be slowed, – Smith said.

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