Winter, Mark 1958- :Cost of carbon credits plunge by 75% in less than a year. 2 February 2012

Text reads 'Cost of carbon credits plunge by 75% in less than a year. The cartoon shows an egg timer that represents the 'Emissions trading scheme'; the two bulbs of the egg-timer represent 'trees' and 'cows'. Context: A capsicum exporter gets carbon credits from the Government. In a complex deal, it subsidises about half the carbon costs he has to pay under the country's existing Kyoto commitments. New Zealand's Emissions Trading Scheme (ETS) became official in 2008, but it was only in July 2010 that businesses like his greenhouses actually had to start paying to pollute.... The wall of wood is how we have been disguising our lack of any realistic action, even with the introduction of an ETS regime. Strip away the pretence and it seems the national game plan has become a decision to pay to pollute. Kyoto was meant to put a price on carbon that would change behaviour. Terry says look at New Zealand's actual figures for Kyoto 1, and its projections out past what would have been Kyoto 2, and the chart for gross emissions is just an ever-rising line. (The New Nation 14 February 2012)

Quantity: 1 digital cartoon(s).