Paper reveals why Govt went ahead with ETS overhaul
24 Aug 2020
FIFTEEN DAYS into the first covid-19 lockdown, officials told the Government the new $20 price floor in the Emissions Trading Scheme was critical to protecting taxpayers from what the pandemic could do to carbon prices.
New Zealand went into level four lockdown on March 26, prompting a $6 fall in the price of spot NZUs, amid fears of a recession and uncertainty over whether the Government would go ahead with plans to reform the Emissions Trading Scheme.
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Story copyright © Carbon News 2020
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