The Government has taken a reasonably balanced approach to carbon pricing in its amendments to the emissions trading scheme announced today, says BusinessNZ.
Article by John Carnegie on what the New Zealand government’s proposed changes to its emissions trading scheme mean for the country’s businesses.
The Government’s announcement that it is banning industrial gas certified emission reduction units (CERs) from being purchased in NZ will potentially have a serious knock-on effect to the costs felt by businesses and households, says BusinessNZ Chief Executive, Phil O’Reilly.
Restricting prices at the lower end of the carbon market would be self-defeating, says BusinessNZ.
The slower introduction of the full effects of the ETS is welcome but National’s Environment and Climate Change Policy announced today would impose too much additional cost on businesses and households, says BusinessNZ Chief Executive, Phil O’Reilly.
Slowing down the implementation of New Zealand’s emissions trading scheme would be a good move, says BusinessNZ.
Opinion piece by Phil O’Reilly, CEO BusinessNZ and John Carnegie, Manager Energy, Environment & Infrastructure
BusinessNZ is today releasing a report exposing reasons for exercising caution in making assessments about the relative stringency of Australia’s carbon pricing policy versus the NZ ETS.
The latest National Infrastructure Plan does not yet help businesses see where they can best invest, but it does indicate significant preparation towards this in the future, says BusinessNZ.
New Zealand’s emissions trading scheme would be fit for purpose if there was a deep and liquid global carbon market, but the existence of such a market is increasingly unlikely in the medium term, says BusinessNZ.
BusinessNZ is delighted to host Future Footprints: Sustainability in the Marketplace with the NZ Life Cycle Management Centre
Our next National Infrastructure Plan requires more detail about infrastructure trade-offs, says BusinessNZ.