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Article: NEW ZEALAND: ECONOMIES CONTINUE TO GROW WITH EMISSIONS TRADING SCHEMES
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 30, 2008
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The government of New Zealand issued the following news release:
A report released today by the Australian government has confirmed that a country's economy will continue to grow with an emissions trading scheme, and it's cheaper to act sooner rather than later, Climate Change Minister David Parker said.
"Analysis done for the New Zealand government came to the same conclusion," David Parker said. "Our economy will continue to grow while we reduce our greenhouse gas emissions, but the growth rate will be slightly less than it would have been - around 0.1 percent.
"That means for example if the economy was set to grow by ten percent over the next five years, with an ETS it will grow 9.9 ...