ETS: National knows overseas consumers the key

Feeling the financial pinch from the emissions trading scheme? Didn't think so.

Admittedly, it is still only Day Three.

But, as is so often the case, when the big moment finally arrives for something of such monumental importance to at last grind into life having been thrashed to death for months (or years in this case), there can be an acute sense of anti-climax.

Thursday's "introduction" of the ETS - it is really an expansion of a scheme which until now only covered forestry - proved to be even more of a non-event despite last-minute doomsday-style warnings from the scheme's opponents about its impact on households and small businesses.

On the home front, the scheme may well be unfair.

It may well increase the burden on the taxpayer, rather than the emitters.

It will most surely have little immediate effect in cutting New Zealand's levels of greenhouse gas emissions.

For most people, however, the hideous complexities of the scheme are far removed from their daily lives.

Where it matters is where it bites.

But it is hard to get much news mileage out of $3.17 - the initial cost per household per week.

Therein lies the problem for critics of National's revised ETS.

It may have more holes than the proverbial Swiss cheese.

But while is easy to knock the scheme, doing so in a way which resonates beyond the climate change cognoscente to the wider public is proving extremely difficult.

Put that down to John Key and Nick Smith, National's environment minister, who have well understood the risks an ETS poses for National and reacted accordingly with what might be described as a "lowest common denominator" scheme.

They have come up with the greenhouse gas emissions-cutting equivalent of mass- marketed fast food.

In short, the ETS is bland and non-threatening.

No-one admits to admiring it. No-one is getting enthused about it.

But the vast majority can live with it.

 

National's rewrite of Labour's original scheme ticks all the right political boxes - if not the climate change ones.

It protects jobs. It has (so far) a low impact on households.