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.
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.
Asking the right questions is vital in the review of NZ’s Emissions Trading Scheme (NZETS), says BusinessNZ Chief Executive Phil O’Reilly.
The Government has made it clear that we are going to press ahead with the emissions trading scheme.
BusinessNZ says in light of the Government’s clear decision to proceed with the emissions trading scheme, business should now constructively assist in making the scheme fit for purpose.
An emissions target range of 10-20% below 1990 levels by 2020 is a significant challenge, but strikes a sensible balance given New Zealand’s circumstances, says BusinessNZ.
BusinessNZ says our changed position on greenhouse gas emissions gives us room to move on emissions trading.
BusinessNZ makes the case for global, not just national, carbon trading.
Opinion piece by Phil O’Reilly, CEO BusinessNZ, on carbon trading.
Opinion piece by Phil O’Reilly, CEO BusinessNZ, on carbon trading.
Opinion piece by Phil O’Reilly, CEO BusinessNZ, on emissions tradinig.