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An Emissions Trading Scheme fit for purpose
13 August 2018
An Emissions Trading Scheme fit for purpose
Forestry Minister Shane Jones and Minister for Climate Change James Shaw have today opened consultation on improvements to the Emissions Trading Scheme (ETS); New Zealand’s main tool for reducing greenhouse gas emissions.
 
The ETS encourages businesses to reduce their emissions by putting a price on them. The fewer emissions they create, the fewer ETS units they have to pay for.   “The ETS has a vital role to play in New Zealand meeting its climate change targets, but the way it currently operates means it’s not doing that,” Shane Jones said.