Latest / Early Edition with Ryan Bridge
Ryan Bridge: The price of being a climate warrior
Chris Hipkins is floating the idea of an effective tariff on imported cement.
He reckons it could be a better way of dealing with our cement problem than $60 million in corporate welfare.
The reason Golden Bay Cement needs a bailout is the cost of buying carbon credits from 2030 onwards. The cost of carbon credits is because of the ETS.
When your builder goes to lay cement, they will buy imported stuff because it'll be cheaper – no carbon costs included.
So how do you get around this? You could change the ETS to exempt cement and steel, as we largely do with agriculture, but then you…
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