Climate change legislation set to pass into law
5:11PM Wednesday August 27, 2008
By Paula Oliver
The New Zealand Herald
New Zealand First has announced it will support Labour’s flagship emissions trading scheme, meaning the major climate change legislation will pass into law.
In a statement just released, the party said it faced the decision of whether to support a scheme over which it would have some influence, or to leave the country in a situation of uncertainty.
“We have secured a package that will ensure that all households wil receive a one-off payment to mitigate the impact of the ETS,” leader Winston Peters said.
People on low incomes - including New Zealand superannuation - will receive what Mr Peters described as a “front-loaded CPI adjustment” to ensure that they keep ahead of the projected cost of the emissions trading scheme to their households. Read more »
Posted: August 27th, 2008 under Big Brother, Global Warming, New Zealand.
Comments: none

