Industry counts cost of government's ETS delay

26 Jun 2009

Nick Smith ... never a chance of meeting deadline.
Nick Smith ... never a chance of meeting deadline.
Government moves to postpone the entry of the heavy industrial emitters into the emissions trading scheme will cost forest owners money and delay the establishment of a carbon market in New Zealand.


Yesterday, Climate Change Issues Minister Nick Smith told a parliamentary select committee that officials had told him it was never going to be possible to bring the stationary energy and industrial processes sector into the ETS on January 1 as scheduled.


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Story copyright © Carbon News 2009

Related Topics:   Emissions trading Energy Forestry Greenhouse Effect NZ ETS

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