economic modeling was reported to have shown the Labour ETS would take $3000 off individual household spending annually and cost 20,000 jobs. The modelling also showed that the Labour ETS would reduce the value of dairy land by 40 per cent and reduce dairy exports by 13 per cent. In April 2009, the Sustainable Energy Forum described the NZ ETS as an "almost completely ineffective means of reducing New Zealand's gross greenhouse gas emissions". See also Climate change in New Zealand Energy in New Zealand List of climate change initiatives References Further reading A 20-page analysis. . A 137-page analysis. . A 52-page report on the policy background to and detail of the 2008 NZ ETS. External links The Act at legislation.govt.nz Factsheets emissions trading scheme Ministry for the Environment, September 2008; INFO 317-329 The Framework for a New Zealand Emissions Trading Scheme: Executive Summary Ministry for the Environment, September 2007, Ref. ME810. Emissions trading Climate change in New Zealand Statutes of New Zealand 2008 in New Zealand law Environmental law in New Zealand