Business sings new tune on ETS
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.