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This morning the Centre appeared before the Finance and Expenditure Select |
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Centre Digests
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to present its submissions on the Emissions Trading Scheme. The Centre was unable to attend on the original date set by the Secretary but the deferral to today (7th May) proved to be excellent timing, for two reasons.
First: The Government has been forced to modify its original proposal because of the impact of high and rising fuel prices on families, and the fear of real economic damage to key industries.
Second: the whole alarmist scenario of global warming is beginning to fray badly at the seams.
While I was waiting my turn, it seemed that all the submitters before me had immediately responded to what we might call the "GST food exemption" effect. Given that the door had been opened for some exemptions, everyone was now specially pleading their own case.
I was doubly fortunate in that Dr Willem de Lange, of Waikato University, oceanographer and an expert on sea levels, was able to mount the case against the theory of AGW which has been mounting over the last three years and over the last few days in particular. A new report out of Leipzig emphasises the role of the oceans in driving decadal climate cycles – something which the IPCC has been reluctant to acknowledge. For a lay report on this new development, go to: http://www.telegraph.co.uk/earth/
It's fair to say that many members of the Select Committee were visibly shaken by Dr De Lange's recital of his experiences as a long term IPCC reviewer, and in particular his experience when MfE requested him to report on the effect of sea level rises in New Zealand. When his report said there was virtually nothing to worry about, the MfE was most unhappy and kept on seeking paper after paper after paper until finally they received one which forecast the possibility of catastrophe in the event of uncontrolled global warming after 500 years. De Lange was credible and convincing and handled the questions well.
This meant I did not have to even think about challenging the science but could focus on why the Emissions Trading Scheme was doomed to fail, and how so many of the predictions we made in our original submission in February had already come true.
In response to the final question, from the chair, I said that our conclusion is that if Government feels it must do something to hasten the move away from fossil fuel then the policy favoured by most economists is a simple tax on fossil fuel. The rules are simple and well understood, and other taxes can be reduced to ensure overall tax neutrality. By that time the Committee were obviously looking for some way out of the quagmire.
See the submission and my speech notes on the Centre's website
http://www.rmastudies.org.nz/index.php/issues/49-pollution-soil-water-air/
One step at a time.
I have added my oral "interpolations" to my speech notes to provide a record closer to what was actually said.
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