GREENING OF THE KEY (2.0)
Update: National party leader John Key - our Once-ler of today's earlier post - spoke again this morning. This time in Queenstown.

On the environmental policy front Key advocated looking to Australia and their investigations into the viability of a carbon market. The Greens have been hasty in dissing Keys intentions - saying that the Oz system will not incorporate a cap on emissions to compliment the trading activities proposed.

Yes, Oz and the US have resisted placing a cap on emissions, but to say that this situation will continue is misleading at best. We all know that for a particular resource market to function there needs to be relative scarcity of that resource. Australia knows this of course, and so will formulators of any carbon trading market. An emissions cap will be implemented.

Ah yes, the cat fight continues.