From the transcript of yesterday’s Q & A debate on the Emissions Trading Scheme, a Green Party politician (Russel Norman) lectures a National Cabinet Minister (Nick Smith) on basic market principles:
Dr Norman: The problem is this, right – if you keep delaying [the ETS], everyone’s going to lose confidence that they’re finally going to face a price, right? And what they’re going to say is, ‘Instead of investing in technology to reduce our emissions, we’re going to invest in lobbying the government to keep our subsidies, because that’s much more effective and gets a better return.’
The video of the debate is here, notable also for the rare spectacle of Paul Holmes having researched the topic under discussion and speaking about it knowledgeably.
Meanwhile, the Greens have launched their election campaign billboards. They’re very clever:
They undermine the emphasis the traditional parties place on promising wealth and prosperity by redefining the language. But the Greens always have great advertising, and it never seems to work that well for them. Or maybe it does, and without it they’d fall under the 5% threshold. One of the many things I don’t know about politics is the efficacy of the various components of political campaigns. So far this year we’ve learned that policy doesn’t count for that much. Does visual messaging?