GDP impact 1%, emissions reduced 20%, big emitters told
28 Mar 2008

Image: Paul_Everett82
The impact of New Zealand’s impending emissions trading scheme (ETS) will be 1% knocked off gross domestic product (GDP) and 20% off greenhouse gas emissions, a confidential briefing of business leaders was told in Wellington on Tuesday night.
These are the interim findings of a report produced for Treasury by the NZ Institute of Economic Research (NZIER), and delivered as a private briefing to, among others, members of the high-emitting group of industries, the Greenhouse Gas Policy Coalition.
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