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Luke Malpass

Markets still best climate cure for centre-right

NZ's former conservative PM reckons letting markets price carbon is far preferable to Australia's government-directed, big stick type fixes.

Luke MalpassStuff political editor

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New Zealand’s former PM, reforming finance minister Bill English, was in Sydney last week saying things a centre-right politician would not dare utter here: an emissions trading scheme was the best thing that New Zealand had ever done on climate policy.

English is hardly a climate warrior. A wry, dry, and no-nonsense character, he’s a farmer from a town called Dipton, about an hour’s drive from the bottom of New Zealand, in a country where agriculture produces 48 per cent of the country’s emissions and has been the biggest contributor to emissions growth. To wit: former Prime Minister Helen Clark’s first abortive attempt to tax CO2 in the mid-2000s was derided as a '‘fart tax'’.

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Luke Malpass is political editor at Stuff, a New Zealand news site. Connect with Luke on Twitter. Email Luke at luke.malpass@afr.com

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    Original URL: https://www.afr.com/politics/federal/markets-still-best-climate-cure-for-centre-right-20190526-p51rbh