ETS charge on petrol too high?

[p.dath]

Back in 2010 the price of Petrol was increased by around 3 cents per litre to cover the cost of the ETS (Emissions Trading Scheme). This was to offset the carbon generated by vehicles. GST is then added on top of this amount again. There is also an allocation of this charge on all our power bills ...

At the time it was "guessed" that ETS was going to cost $25/metric tonne. I was having a look at this today, and I see the cost is now heading below $2.50/metric tonne.
http://www.stuff.co.nz/business/industries/8096654/Carbon-credit-glut-irks-forestry-bodyhttp://www.stuff.co.nz/business/industries/8096654/Carbon-credit-glut-irks-forestry-body


So I'm thinking that perhaps the cost of this levy on Petrol needs to be re-assessed. And at say, 0.3 cents per litre, is it even worth collecting anymore? We run the risk of it costing more to collect than the amount of tax that it would generate, I which case, is it completely pointless.


What do you think we should do? Scrap the tax as pointless? Perhaps reset the tax to zero so that it has no effect but is easy to bring back if needed (like death duty), or keep paying $25/tonne because we don't care?

[p.dath]

Actually this is worse than I thought. Just read a news article saying the price is now $0.14/tonne - yes, 14 cents.
http://www.stuff.co.nz/business/8252659/Carbon-credit-price-meltdown

[James Deuce]

We should just stop paying tax altogether and institute a national "Stab a Pollie in eye Day".

[ducatilover]

But, if we pay lots of money to somebody because we emit carbon and stuff, they will fix the world! It's a legitimate thing, not fraudulent in any way, shape or form.

Innit?

[James Deuce]

But, if we pay lots of money to somebody because we emit carbon and stuff, they will fix the world! It's a legitimate thing, not fraudulent in any way, shape or form.

Innit?
Just pick up one thing a day that is made of polyethylene and stick it in a recycling bin and you'll be doing more to prevent damaging pollution than any ETS scheme.

Provided the recyclers don't simply back the truck up to the transfer station and dump everything in there, as I have seen them do.

[Jantar]

The Chicago Carbon Exchange collapsed over a year ago when the price fell to less than $0.05 per ton and stayed there.

Treat the NZ ETS as a tax, because that is all it was ever going to be. It has worked to stop Global warming though. Even as the CO2 concentration continues to rise, there has been no statistically measuarable global warming for over 16 years. That period of time meets all the IPCC and CRU criteria to say the GCM models are wrong and that global warming stopped before the 1998 El-Nino which at the time produced the highest global tempertures recorded.

[ducatilover]

Just pick up one thing a day that is made of polyethylene and stick it in a recycling bin and you'll be doing more to prevent damaging pollution than any ETS scheme.

Provided the recyclers don't simply back the truck up to the transfer station and dump everything in there, as I have seen them do.

Seems to be a pretty profitable trade, this ETS type shit :facepalm:

[bogan]

The Chicago Carbon Exchange collapsed over a year ago when the price fell to less than $0.05 per ton and stayed there.

Treat the NZ ETS as a tax, because that is all it was ever going to be. It has worked to stop Global warming though. Even as the CO2 concentration continues to rise, there has been no statistically measuarable global warming for over 16 years. That period of time meets all the IPCC and CRU criteria to say the GCM models are wrong and that global warming stopped before the 1998 El-Nino which at the time produced the highest global tempertures recorded.

Its all just for publicity and tax, though some might claim it also encourages people to be environmentally conscious by bring that issue to their wallets, and there could be some truth in that; I hope so cos there isn't much truth to the rest of it! Let the rest of the world see NZ as an early adopter of anything to preserve our clean green image; just keep hiding the 'recycling' trucks J2 was talking about :lol: