Wednesday, July 13, 2005
Kyoto costs
So, for the first time Treasury has costed Kyoto.
This costing is based on unknown demand/supply and with a dollar at 71c against the $US. The Government, when the bungle was first announced, estimated $500 million. It seems that was fairly accurate.
There is no reason for NZ to be signed up to Kyoto until the USA and Australia have signed. We are but a drop in the ocean and our signature is tokenism, at best.
There is only one party which has said they would pull out of Kyoto. The cost is unnecessary.
This costing is based on unknown demand/supply and with a dollar at 71c against the $US. The Government, when the bungle was first announced, estimated $500 million. It seems that was fairly accurate.
There is no reason for NZ to be signed up to Kyoto until the USA and Australia have signed. We are but a drop in the ocean and our signature is tokenism, at best.
There is only one party which has said they would pull out of Kyoto. The cost is unnecessary.
