Big carbon emitters to lose ETS subsidy: Bennett

Wed, 16 Mar 2016

By Pattrick Smellie March 16 (BusinessDesk) - Big industrial emitters of greenhouse gases will lose their right under the emissions trading scheme to offset only half of their emissions, Climate Change Minister Paula Bennett told an international energy conference in Wellington today. It was a matter of "when not if" the so-called 'two-for-one" concession is removed, she said, leaving open the impression that the current $25 a tonne upper limit "cap" on carbon prices may also be removed or placed at a higher level. "It was always a te...

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