The Government’s decision to spend $60 million propping
up Golden Bay Cement exposes how the Emissions Trading
Scheme’s current settings are punishing local
industry.
Taxpayers’ Union spokesperson Tory Relf
said:
“An ETS is the best tool to reduce emissions,
but it should not sacrifice industry at the altar of net
zero, only for taxpayers to fund the rescue.”
“Our
competitors are cutting emissions while keeping strategic
industries competitive. New Zealand should do the same,
rather than exporting emissions, jobs and
investment.”
“It is a false economy to make
businesses unviable through carbon charges, then bail out
those with the best lobbying teams in Wellington. The
Government must review its industrial allocation settings
across all trade-exposed
sectors.”
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