Tax Could Help Environment

October 1, 2014 New Zealand Taxation

Climate change is having a significant impact on New Zealand, and, so far, not enough economic and tax measures are being taken to reverse these effects.

On September 30th the Green Party issued a new statement showing that climate change was a significant factor in the drought which hit New Zealand in 2013, and suggesting that taxes may be used to help alleviate such problems in the future.

The Green party’s statement is based on the results contained in a new study carried out by researchers from Vitoria University and the National Institute of Water and Atmospheric Research, showing that the “…results show the monthly pressure anomalies associated with the 2013 drought were higher as a result of anthropogenic (man-made) climate change,” and it was also noted the as a result of the drought, the New Zealand economy lost approximately NZD 1.3 billion.

According to the Green Party, over the last six years the National Party has not done enough to address environmental issues, and the Green party would scrap the emissions trading scheme and introduce a carbon tax, revenue from which would be used to fund tax cuts.”

Photo By: the Italian voice