New Zealand: Politics
Smith reveals National’s goal for integrated trans-Tasman ETS, plans to protect emitting industries beyond 2025
18 Mar 2008
Avoiding a repeat of Labour’s economic strip-tease of the 1980s, and integrating the New Zealand emissions trading scheme (ETS) with Australia’s will be key planks in the National Party’s climate change policy at this year’s general election.
Key backs ETS – with balance
18 Mar 2008
Opposition Leader John Key says his party supports the proposed New Zealand emissions trading system, describing it as “a good model, market-based, it works”. He also talked of further reforming the planning laws so renewable energy projects could proceed.
Business leader says to trust prices to look after the environment
18 Mar 2008
Businesses should reinforce their belief in the power of markets to put a price on carbon and take care of the environment.
EXCLUSIVE: Government to plead for forest off-setting option
17 Mar 2008
The Government will plead with its Kyoto Protocol partners to introduce forest offsetting to the rules covering the second commitment period from 2012 to 2025, but its chances of success are remote, a well-placed source has told Carbon News.
Business wants New Zealand to go nuclear on emission credits
17 Mar 2008
Businesses being required to enter New Zealand’s emissions trading scheme want to be able to trade nuclear-sourced emissions credits.
Corporate tax group's views on treatment of New Zealand emission trading units
12 Mar 2008
Inland Revenue is being asked to clarify how emissions trading units, used in the coming New Zealand emissions trading scheme, will be treated. This paper prepared by Deloitte for the Corporate Tax Group (representing 32 major corporations) and submitted to the IRD, sets out the issues – and proposed solutions in how ETUs should be treated for tax purposes.