Labour's climate policy bonfire just blew up the ETS

The Kākā by Bernard Hickey · Mar 15, 2023 · 14m

TLDR: Bonfires can be dangerous things when they get out of control. They also create a lot of smoke and heat and burn the grass. I hate to think of the climate emissions. But sometimes, they do much more damage when someone accidentally throws on a full can of petrol and the fire burns too hot.

It turns out that’s what the Labour Government has just done with its ‘policy bonfire’ of late 2022 and early 2023. PM Chris Hipkins threw another couple of bin loads of climate policy paper on the bonfire on Monday afternoon that heated up the bonfire so much it melted the metal in that can of…