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    Unhappy More bad news

    Scheme will hit everyone's pocket
    Page 1 of 2 .... 4:00AM Monday September 01, 2008
    By Paula Oliver

    The cornerstone of this Government's effort to fight global warming could be law by the end of this week.

    An emissions trading scheme will be created by legislation that is now supported by Labour, New Zealand First and the Greens. It is expected the bill will pass its final stage either late this week or early next.

    The scheme creates a new market where permits will be traded which allow businesses to emit greenhouse gases. Effectively, the legislation will put a price on carbon - if a business emits too much of the greenhouse gas it will have to pay for the right to keep doing so.

    The effects of the scheme are far reaching, not only for businesses but also for consumers. Here is how they will affect you: ........

    More here.
    Mother Bear

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    Households likely to get $112 compo
    4:00AM Tuesday September 02, 2008
    By Paula Oliver

    The Government is expecting to spend $180 million compensating people when power bills go up as a result of the new emissions trading scheme, but the finer details of who gets what have not yet been decided.

    The emissions trading scheme is the cornerstone of the Beehive's big climate change push and it is set to pass into law early next week after months of heated debate.

    Though details of the final changes agreed to by Labour, the Greens and New Zealand First were being tabled only last night, Climate Change Minister David Parker said everything was on track for the next stages of debate which begin this afternoon.

    Among the agreements is a one-off plan to compensate householders for the expected 5 to 10 per cent increase in their power bills that will occur from the inclusion of the electricity sector in the scheme in 2010.

    The payments will be made for only one year - 2010 - and they are designed to help people get through the transition.

    More here.
    Mother Bear

    Try to bloom wherever you are planted.

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