Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Carbon emitters on way to paying full costs

Hon Paula Bennett

Minister for Climate Change Issues

14 February 2017


Carbon emitters on way to paying full costs

Emitters are now on their way to paying the full cost of their carbon emissions in New Zealand, says Climate Change Minister Paula Bennett.

“As part of our ongoing work programme to reduce domestic emissions we have started the three-year phase out of the one-for-two emissions trading scheme subsidy,” says Mrs Bennett.

“This subsidy allowed some businesses to pay one emissions unit for every two tonnes of pollution they emit. Last year the Government announced we are phasing the measure out over three years to give businesses time to plan and adjust.”

The initial 50 per cent unit cost increased to 67 per cent from 1 January, and will rise to 83 per cent from 1 January 2018. All sectors in the ETS will pay the full market price from 1 January 2019.

“It is vital for businesses that we have certainty in our long-term response to climate change. Following the second stage of the ETS review this year we will set a clear long-term direction on how the ETS will help meet our ambitious emissions reduction targets,” says Mrs Bennett.

“Meeting our Paris Agreement targets will require more than business as usual. Alongside the ETS review, we have established three expert groups to help get more trees into the ground, reduce agricultural emissions, and adapt to the environmental impact of climate change.

“We’re also investing $2 billion on public transport, setting targets to increase the number of electric vehicles year on year until 2021, investing $20 million a year in agricultural greenhouse gas research and providing $200 million for international climate-related support.”

Recommendations from the second stage of the ETS review are expected in mid-2017 when the review is scheduled to conclude.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Bojo Visit

British Foreign Minister Boris Johnson is in town today, just over a year since his political career peaked… and then wobbled off into a grey zone of indecision...

Currently, Johnson is touring the former colonies, talking up the historical ties. More>>

 

Climate Policy: Govt's New Proposals For ETS

“Last year, as a result of stage one of the review, we announced the phase out of the one-for-two measure in the ETS. I am now announcing further changes as a result of stage two of the review.” More>>

PM's Press Conference: Boris, Infrastructure, Immigration, Drugs

Prime Minister Bill English opened this week's post-cabinet press conference by revisiting that day's announcement of 'Crown Infrastructure Partners'... More>>

Employers Pleased: Reports Of Govt Backdown On Low-Wage Immigration

MEA: We are pleased to hear that the Government is planning to review incoming immigration changes with a specific focus on how they will affect the regions. Effectively addressing skills shortages in manufacturing and other sectors needs to remain a core part of our immigration system ... More>>

ALSO:

Gordon Campbell: On The Ch-Ch-Changes At IRD

Job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation... More>>

ALSO:

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election