Scoop has an Ethical Paywall
ETS Changes Need To Be Carefully Implemented
Changes to the Emissions Trading Scheme (ETS) announced today need to be carefully implemented to avoid unnecessary economic damage, according to the Petroleum Exploration and Production Association of New Zealand (PEPANZ).
The changes include a new emissions cap and a new upper limit on the price of carbon.
"We support the ETS as our main policy tool for responding to climate change, and the drive to lower emissions," says PEPANZ CEO John Carnegie.
"The reform process has been well signalled and consulted on so far, but the challenge ahead will be avoiding damage to jobs and exports for little environmental gain.
"As always, New Zealand will need to carefully calibrate with what our trading partners are doing. If we act in isolation too fast, we could see industries close shop here and move to other countries with less strict rules.
"We would hate to see major export industries impacted in this way, especially as we rebuild our economy from the impacts of COVID-19."
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
Dawn Aerospace: Historic Flight - Breaks Sound Barrier And Global Records
SEEK: SEEK NZ Employment Report - October
University of Auckland: Protecting Young Minds With AI
Greenpeace: Greenpeace Calls On Fonterra Investors To Consider Big Picture With Giant Puzzle
