Lunacy of the week is the "ludicrous" cap-and-trade scheme announced this week by David Parker with the fatuous one-liner that "four cents extra a litre to save the planet is a good deal."
The man is a moron. You could turn off NZ permanently and no emission counter would even notice the loss. Hell, even if a country the size of Britain were to shut down for good, as Christopher Monckton points out the growth in carbon emissions in China would more than make up for the sacrifice long before the Kyoto agreement expires in 2012.
Far from "doing our bit" with this nonsensical sale of indulgences, all we're doing by raising power and fuel prices and shackling local industry is raising power and fuel prices and shackling local industry. That's the only result of the "deal" to which Clark, Key, Parker and Smith are all fatuously fawning over.
And it's not like there's even anything to fix. As the graphs above clearly show, it isn't even warming in NZ anyway. [Click image to enlarge]