Contact: ETS will boost renewable generation, cut emissions
9 May 2008
The New Zealand Emissions Trading Scheme has the potential to significantly increase investment in clean, renewable electricity generation projects and reduce greenhouse gas emissions from the sector, Contact Energy said.
General Manager of Corporate Affairs Bruce Parkes said that with a price on carbon, energy from renewable generation projects is likely to be cheaper than electricity generated from thermal fuels and will provide the consumer with the most cost effective energy mix.
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