Failure Of Climate Auction Highlights Government Inaction – Green Party
The lack of bids at today’s ETS auction is a sad indictment on this Government’s staggering indifference to the climate crisis and their lack of a plan.
“The market clearly lacks confidence in this Government, and is responding to the reality of the coalition’s inaction over their rhetoric,” says Green Party co-leader Chlöe Swarbrick.
“This morning the Minister of Finance seemed caught unaware about how the Emissions Trading Scheme works, and this afternoon, that market showed it has no confidence in the Government through the failure of its ETS auction
“While shredding climate action policies, the Government crows about leaving mitigation to the market through the ETS. But since taking office, their policy and budget decisions have bottomed out the confidence of that very market.
“None of it adds up.
“All of these Government decisions simply pile more suffering and more cost onto people and planet, ”says Chlöe Swarbrick.
Another ETS auction failure highlights why we should have opted for a carbon tax.
Hope you will be highlighting this and advocating for change. Yet, there is no mention of this in your press release.
So do tell us what you would do differently and how that will benefit us all?
Don’t just spray and walk away
https://www.greens.org.nz/policy_complete_party
Why is there no carbon tax policy?
Do they think the ETS will deliver?
Where do they want the carbon price to sit today?
How will they offset the consumer cost related to the price of carbon in regards to the just transition commitment?
What would they do now (if in charge) to get their desired price setting?
How would they counter the impact of lower secondary market pricing?
Would they merely match it or would they act in a way to increase it ?