ETS loophole to halve cost for NZ's biggest carbon emitters

Fri, 10 Aug 2012

By Pattrick Smellie Aug. 10 (BusinessDesk) - New Zealand's acceptance of carbon credits banned from the European Union's emissions trading scheme means major industrial greenhouse gas emitters face half the cost of carbon faced by emitters in Europe and other countries implementing carbon-pricing schemes. ETS broker and commentator Lizzie Chambers says in her weekly Carbon Match newsletter that three types of carbon credit - known by the acronyms CER, ERU, and RMU - face restrictions in the EU ETS, but remain "good tender" in the New Zealand...

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