WWF Media statement For immediate release – 15 September 2011

WWF Climate Change Programme Manager, Peter Hardstaff, said in reaction to the Emissions Trading Scheme review released today:

“WWF-New Zealand is disappointed that the Emissions Trading Scheme Review Panel has recommended a further extension of the loopholes in an already weakened and flawed scheme.

“For example, the Review Panel recommends extending the two-for-one deal on carbon credits. However, they also reach conclusions that seem to contradict such recommendations stating for instance that “New Zealand has strong reasons to start a steady transition to a lower carbon economy sooner rather than later”.

“WWF urges the Minister for the Environment Nick Smith to kick start the transition to a low carbon economy now by strengthening rather than weakening an already watered down ETS.

“We also urge the Minister look beyond this scheme and implement other policies that will help New Zealand lower our emissions, as identified by the Review Panel. Opportunities include improving vehicle fuel economy, developing home grown biofuels and incentivising small scale renewable electricity generation.

“This review appears to have ignored the many opportunities for New Zealand businesses to create green jobs and increase prosperity by joining the global low carbon revolution.”

ENDS

© Scoop Media