Climate Change Minister James Shaw has now admitted that proper research did not underpin the harsh emissions targets in the Zero Carbon Bill. He says he simply plucked the 47 percent reduction in methane out of a UN report and is now prepared to change it.
New Zealand’s greenhouse gas emissions are around 0.17 percent of global emissions. Even if carbon dioxide and methane emissions reduced to zero the effect on climate change would be negligible. For all practical purposes, actions by New Zealand have no effect on climate.
The chill winds of the economic slowdown that Winston Peters predicted when he announced the new Government are here. His Government is putting New Zealand onto the path to failure.
The Reserve Bank's action says things are now more dire than they were during the Global Financial Crisis. This is in contrast to the buzz from the Beehive which is: 'Don't worry, be happy'!
Alarmism over climate change, has now reached dangerous proportions. People are literally afraid for their lives. Many do not realise that they are victims of a hyped-up political propaganda campaign.