Carbon News has revealed Labour’s proposed memorandum of understanding with National on climate change policy and the emissions trading scheme. [Hat-tip: Hot Topic]

The government has announced that it has made a deal with the Maori Party on the ETS.

Labour’s proposal includes changes to the scheme’s commencement date and transitional subsidies for different sectors, as well as a temporary price cap on carbon credits.

Memorandum of Understanding on Climate Change Policy and the Emissions Trading Scheme [PDF]

ENDS