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

 

Emissions Trading Scheme Changes Make Sense

ETS changes make sense

BusinessNZ and the Sustainable Business Council have welcomed changes signalled for New Zealand’s Emissions Trading Scheme.

BusinessNZ Chief Executive Kirk Hope said the amendments to the ETS made sense in the international context.

"The world is grappling with maintaining economic growth, reducing emissions, and the decision by the US to withdraw from the Paris agreement on climate change.

"The amendments announced today will help ensure the core building blocks of the New Zealand ETS are fit for purpose and able to take us towards our 2030 target and beyond.

"The process set out will allow for the economy-changing impacts of the ETS to be carefully considered, and will signal changes well in advance so that businesses and consumers can be better prepared to manage change," Mr Hope said.

Sustainable Business Council Executive Director Abbie Reynolds said SBC members had identified transition to a low carbon economy as a priority and the changes signalled today would contribute to leading the transition.

"In the meantime, SBC members are in growing numbers setting bold long-term carbon reduction targets, some of which are directly aligned to New Zealand's Paris commitment."


ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: