Yes, it seems the only outfit with an ETS is the European Union.
Would that be the same European Union in which sits the city of Copenhagen? Where not too long ago it was discovered that over ninety percent of the transactions on the Copenhagen Carbon Credits Exchange were fraudulent?
So the truth of the matter is, there's only one other ETS in operation in the world and the one 'country' which has it can't control it and already has significant trade barriers impeding out imports anyway? Did you know, Dr Smith, that without the aid of an ETS, the European Union managed in 2010 to reduce their imports from lil ole NZ by 13.5% compared with 2009?
Who cares what monkey business they get up to when we boot the damned ETS into the duck pond? They are buying bugger all from us and they have no intention of changing that stance. Ever.
Come on, John Key and Nick Smith. You'll have to do better than this sort of pathetic bluster.
Last year the EU (which is going broke) bought just a lousy $5 billion from NZ. The rest of the world - the bit with no bloody ETS or Cap N Trade - took a whopping $34.5 billion
Get rid of the albatross, Mr Key.
Defer the ETS before it gobbles you up and spits you out.