Emissions trading bill backed – but with major safeguard reviews from 2012
17 Mar 2008
The New Zealand Business Council for Sustainable Development says it will back the Government’s move to introduce an emissions trading system.
However, the Business Council – whose 71 member companies’ $44 billion in annual sales equate to more than 34% of gross domestic product, says the bill now before Parliament should be changed to incorporate “important safeguard reviews”, starting in 2011-2012.
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