Wednesday, 12 December 2018, 7:21 pm Press Release: BusinessNZ
BusinessNZ has welcomed the announcement of the first
tranche of decisions from the ongoing development of the NZ
Emissions Trading Scheme.
BusinessNZ Chief Executive Kirk
Hope said the ETS needs a careful balance between
contributing to emissions reduction and maintaining New
Zealand as a prosperous economy that encourages investment
and job creation.
"The steady, well-signposted development
of the ETS framework, based on consultation, maintains
business confidence in the process and the outcomes
reached."
Mr Hope said the decision not to rush the
removal of the price cap was positive, and business would
continue to work with Government as it works towards
implementing a scheme cap and auctioning, but business was
not convinced about the need for a price floor in light of
the other changes announced.
"The ETS is part of a bigger
picture in emissions reduction, and plays a crucial role in
meeting New Zealand’s new emissions reduction target. We
look forward to hearing the outcome of the bipartisan
discussions on the zero carbon bill and the new target in
the near
future."
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