ETS on-hold until after election?

Duncan Garner notes that the Emissions Trading Scheme legislation is 31st on the order paper.

Labour could elevate it quickly but that doesn’t look likely.

If the election is in 3 months, then Clark has 6 weeks to pass the ETS into law before the house rises. She doesn’t have the support. She needs Winston and NZ First. Maybe she can keep him as a Minister in return for his support. But there are so many opposing groups that now want the ETS sent back to select committee for reconsideration.

My sources around Parliament say 6 weeks ago the Government was 70-30 in favour of passing it before the election. 3 weeks ago, I’m told they were 50-50. Today, I’m told it is 30-70.

Neither Clark nor Parker will say it’s dead. Neither will say it’ll pass. It’s in limbo land – and no one is pumping any oxygen into it to keep it alive. Unless Peters rescues Clark, her dream scheme – the one that helped her get a top United Nations environmental award – is dead. Will she hand her award back too?

Don’t hold your breath.

And given most of the Nats belong to the Climate Change sceptics society, the scheme could be seriously watered down by next year.

I like that assumption National will be in government 🙂

However, whatever they think about the science, all indications are that the National caucus has accepted that politics and emotion demand action on climate change. However, unlike Labour they also believe that something this important should not be a vicitm of party-politics and they are prepared to take note of the many submissions and calls for the legislation to be returned to the select committee for proper consideration.

There are questions over what if anything our ETS will do for the environment but there is no doubt that what’s under consideration would impose huge costs on the economy. Delaying the legislation might ensure it is given the serious consideration it needs so we get the best environmental and economic outcomes, regardless of who wins the election.

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