Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ETS important but not enough

ETS important but not enough

Changes to New Zealand’s Emissions Trading Scheme are important but more is needed to meet the climate ambition agreed in Paris, the Sustainable Business Council says.

In its submission to the Government’s review of the ETS, the SBC says the ETS is only part of the solution for New Zealand when it comes to taking action against climate change.

“SBC would like to see the ETS become one of a number of comprehensive and ambitious domestic approaches,” the SBC submission says. “We need coherent, predictable government policy across energy, transport, agriculture and infrastructure.”

SBC Executive Director Abbie Reynolds says many New Zealand businesses are already taking action to reduce their emissions, finding opportunities, cost savings and efficiencies as a result.

Some are driving innovation, trialling and introducing new technology. But all of them need government to provide a clear pathway to go further.

“Our members want to see a consistent approach to managing climate change that applies across Ministries,” she says.

“We need a clear path that shifts us towards a net zero emissions economy that includes a reduction in gross emissions domestically over time. We’re committed to working with government to achieve that, and have started work in the form of the business initiated climate change leader’s dialogue.”

In its submission, the SBC says the Government should aim for an “ideal ETS” which would include all sectors and would have no price floor or cap.

However, the Government would need to carefully consider how it got there, so NZ maintains its international competitiveness and find the most emissions-efficient products and services globally.

The SBC has also proposed restricting the supply of international carbon credits and placing an absolute cap on emissions; a New Zealand “emissions budget”.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Oil Exploration: Chevron, Equinor Depart NZ

Chevron and Norwegian oil giant Equinor have opted to abandon their joint exploration efforts off the east coast of the North Island... Chevron said the decision not to proceed with the next five-year stage of their work programmes was based on the firms’ broader portfolio considerations and not “policy or regulatory concerns.” More>>


Reference Group Proposal: Motorists, MTI Support Ban On Less Safe Car Imports

A proposal to ban some used car models from being imported into New Zealand is being welcomed by the Motor Industry Association, which says Japan's scraps are being sent here for waste disposal. More>>


Gordon Campbell: On Asking The Banks To Be Nicer To Farmers

Few would begrudge the idea that banks should be made to act more humanely – given the obscene profits that the Aussie banks are extracting annually from New Zealand, they can surely afford to cut some slack. More>>


Wider Net Ban, Other Threats: Plan To Expand Protection For Maui And Hector’s Dolphins

The Government is taking action to expand and strengthen the protection for Māui and Hector’s dolphins with an updated plan to deal with threats to these native marine mammals. More>>