Business leaders: emissions trading policy delays causing major investment blight
5 May 2009
Business leaders told the Parliamentary select committee reviewing the emissions trading scheme yesterday that indecision is stalling hundreds of millions in investments in sectors which will both benefit from or fear having a price of carbon.
The New Zealand Business Council for Sustainable Development - whose 73 member companies’ annual sales of $59 billion equate to about 43 per cent of gross domestic product in dollar terms – told MPs tthat heir review created a golden opportunity to develop the multi-party agreement on emissions trading which New Zealanders wanted. Policy should be decided and passed into law by September this year.
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