Our world-leading ETS actually hikes hydro

Bluff aluminium smelter at Tiwai Point

The Bluff aluminium smelter has won an award from a xenophobe group for milking the ETS (Emissions Trading Scheme). That’s interesting by itself, however the award draws our attention for the unexpected proof it provides of a little-known, hidden effect of the ETS: instead of penalising carbon dioxide “polluters” at source while making wind and solar seem cheaper, it actually increases the cost of all generators by creating windfall profits for them.

It’s a testament to years of calculated deception of the electorate and a recipe for ruin. Continue Reading →