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

 

Business NZ to develop framework for emissions

Media release
8 December 2006


Business NZ members to develop framework for emissions trading


Business NZ is leading a project to develop a framework for emissions trading.

Partners in the project include Business NZ members Genesis Energy, Mighty River Power, Contact Energy, BlueSkope Steel, Solid Energy, Comalco, Fletcher Building and Fonterra.

The project analysis, to be undertaken by the New Zealand Institute of Economic Research in association with Frazer Lindstrom, will:

• review emissions trading schemes already in operation or being designed internationally
• develop a framework for emissions trading in New Zealand after 2012 that aligns with international schemes
• evaluate and make recommendations on emission credit allocation schemes for different sectors

The work will be completed early next year.

Business NZ Chief Executive Phil O’Reilly said Business NZ was leading the project because it was important that mainstream business took a pro-active approach to the issue of climate change.

“Business wants any emissions trading regime that eventuates to be as apolitical as possible. The kind of investment required of business will be long-term, and business would not want the threat of political changes damaging that investment.

“It’s important that the system doesn’t harm business competitiveness, and hopefully it can actually enhance competitiveness.

“Political parties need to take on board what business considers would be a workable system.

“We need a robust emissions trading scheme capable of integrating with other international schemes when they go on line post 2012,” Mr O’Reilly said.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>



All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>


MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>


Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>


DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>



Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>