Climate change deal step towards stability

The climate change agreement reached today is a step towards a more stable policy environment for business and communities, BusinessNZ says.

Chief Executive Phil O’Reilly said it would take some time to consider the implications of the agreement for New Zealand’s policy settings, but international agreements covering all parties were good for certainty.

“Business welcomes clear targets for emissions reduction set with regard for growth and competitiveness.

“Cooperation by New Zealand businesses in emissions reduction work such as through the Sustainable Business Council is in line with the direction of today’s agreement.”

He said there was an ongoing need for government and business to engage on polices to get the best environmental and growth outcomes.

ENDS

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