ETS defenders seek 50 percent limit on foreign carbon credits

Tue, 11 Sep 2012

By Pattrick Smellie Sept 12 (BusinessDesk) - Politicians are in for an ear-bashing from both environmentalists and foresters at select committee hearings this morning on the need to limit New Zealand industrial carbon emitters' use of foreign-sourced carbon credits to 50 percent of total obligations. The push, led by the Parliamentary Commissioner for the Environment, Dr Jan Wright, is opposed by the large emitter lobby, with Business New Zealand arguing any move to pump up rock-bottom prices for New Zealand Units will undermine the "least co...

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