In an effort to meet the Kyoto Protocol targets, New Zealand’s Wellington Regional Chamber of Commerce (WRCC) appreciated the release of a new economic report by economic consultancy Castalia. The report is on the economic implications by the Greenhouse Policy Coalition. WRCC’s CEO informs that the conclusions of the Castalia report are very much in line with the New Zealand Chambers of Commerce and Industry analysis. In its 2005 Election Manifesto, WRCC opposed the introduction of a carbon tax because it would have a negative impact on the economy – at a time when it is likely to be slowing for other reasons, and because it probably would not have the desired impact of reducing emissions. ‘The Chambers want the Government to consider seriously the possibility of withdrawing from the Kyoto Protocol at the earliest possible opportunity (2008) and to look at new and more effective policy instruments – such as new technologies – to reduce emissions’, the WRCC’s CEO further added..