Four times a year you bid for credits (offsets) to counter your polluting habits.
You do this because we signed up to Paris and made a bunch of promises we were never going to be able to keep.
By selling credits the Government has the potential income of about $2 billion a year. Except little, if any, of that happens because by and large people don’t turn up and bid.
And they fail to show up, broadly speaking, because people don’t believe a word the Government says on climate.
It's not just this Government. The last one was even worse.
They have tried to set a price for carbon credits, remembering of course that it's an entirely invented market. So it's a dart-at-a-board stuff at the best of times.
Of late the price was $52. Then it was $33 before settling back to about $40-something.
Enter Climate Minister Simon Watts. Now, he doesn’t normally talk about the market because that’s interference, the same way the Prime Minister doesn’t talk about the Reserve Bank.
But Simon has talked about the market, and he has done that because the Government are panicked.
He issued a reassurance that despite all the changes they are making around climate, the carbon market and the ETS are still a thing. We are still committed, it's still going to happen.
His commitments, he said, are firm.
Except, Simon, that’s the problem – no one believes you.
This is a Government that says one thing and does another. Don’t get me wrong, what, roughly, they are doing is the right thing.
The tide has gone out on climate. The promises are a bust. No one is going to make Net Zero, so the answer is stop pretending you are.
Science might come to the rescue and if it does, fantastic.
But the governmental promises around carbon and the ETS and car import duties is all BS. There is no better proof of that than the carbon market.
The market is calling the Government's bluff.
Carbon credits or snake oil? Same thing.
No one's buying figuratively and literally.
Mike Hosking is a New Zealand television and radio broadcaster. He currently hosts The Mike Hosking Breakfast show on NewstalkZB on weekday mornings - where this article was sourced.
And they fail to show up, broadly speaking, because people don’t believe a word the Government says on climate.
It's not just this Government. The last one was even worse.
They have tried to set a price for carbon credits, remembering of course that it's an entirely invented market. So it's a dart-at-a-board stuff at the best of times.
Of late the price was $52. Then it was $33 before settling back to about $40-something.
Enter Climate Minister Simon Watts. Now, he doesn’t normally talk about the market because that’s interference, the same way the Prime Minister doesn’t talk about the Reserve Bank.
But Simon has talked about the market, and he has done that because the Government are panicked.
He issued a reassurance that despite all the changes they are making around climate, the carbon market and the ETS are still a thing. We are still committed, it's still going to happen.
His commitments, he said, are firm.
Except, Simon, that’s the problem – no one believes you.
This is a Government that says one thing and does another. Don’t get me wrong, what, roughly, they are doing is the right thing.
The tide has gone out on climate. The promises are a bust. No one is going to make Net Zero, so the answer is stop pretending you are.
Science might come to the rescue and if it does, fantastic.
But the governmental promises around carbon and the ETS and car import duties is all BS. There is no better proof of that than the carbon market.
The market is calling the Government's bluff.
Carbon credits or snake oil? Same thing.
No one's buying figuratively and literally.
Mike Hosking is a New Zealand television and radio broadcaster. He currently hosts The Mike Hosking Breakfast show on NewstalkZB on weekday mornings - where this article was sourced.
6 comments:
Hosking would rather choke than give Trump credit for calling Climate Change a “con Job” to the UN general assembly. A point he and best mate Richard Arnold refuse to discuss during their regular MSM beat up of Trump.
Time to stop flogging the horse and bury the poor thing!
Should never have started on any measures based on a belief in fairy dust with less substance and even less veracity than crypto.
The entire "human caused climate change" fantasy has long evaporated. The planet climate changes the same as it has been doing for at least 600 million years. Human behavior not relevant.
Never underestimate the govt’s determination to prop up the latest Ponzi scheme that they have thought up. There’s lots of mugs out there willing to pass their hard-earned cash over to those wonderful people running the country.
It is good that Mike is on board with the climate emergency BS. I have emailed him and let him know that Dr Will Happer is touring the country and that our PM and climate alarmist minister can not make time to hear what Dr Happer has to say. It would be great if Mike could make it.
https://methane-accord.co.nz/events
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