Outbreak of common sense in New Zealand as “Slow economy puts ETS plans on hold”
July 3rd, 2012 by Warwick HughesFancy the Kiwis announcing this exactly as Australia takes a huge step in the opposite direction. Our Prime Minister Julia Gillard will be sending her Kiwi counterpart a thank you John message – I am sure.
[The Government has indefinitely postponed key stages of the emissions trading scheme, saying the economic environment means consumers and businesses simply can't afford it.
The announcement comes as Australian Prime Minister Julia Gillard's political future hangs in the balance due to the introduction of a carbon tax there this week.
But Prime Minister John Key said his Government's decision had not been influenced by the political fallout in Australia. Rather, it was acting on concerns the economy would suffer if New Zealand did more than other countries to reduce carbon emissions.
"We're not prepared to sacrifice jobs in a weak international environment when other countries are moving very slowly," he said.]
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