Flexibility urged in emission protection phase-down

Mon, 27 Jan 2020

The Climate Change Commission may need more flexibility to tweak the rate at which free allocations of emission credits to industrial users are phased down, its predecessor agency says.Eighty-four firms – ranging from New Zealand Steel and the Tiwai Point aluminium smelter down to glassmakers and tomato growers - receive free credits equivalent to up to 90 percent of their carbon emissions.The Interim Climate Change Committee said it was important the allocations – intended to shield firms from overseas rivals not facing carbon costs and worth...

Unlock all stories free for 10 days

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

'Wrong time for a pay rise?': NZX directors get 38% bump

Shareholders have approved a hike to NZX director fees despite opposition.

Oliver Lewis 4:00pm

Environment

Rainy 2022 drove down NZ's greenhouse gas emissions

Gross emissions fall for the third year in a row but are still above 1990 levels.

Greg Hurrell 4:00pm

Rainy 2022 drove down NZ's greenhouse gas emissions

Policy

Aukus pillar 2 a smokescreen for N-subs: ex-Oz foreign minister

Bob Carr says notion of tech role for New Zealand is “science fiction”.

Pattrick Smellie 12:55pm

Aukus pillar 2 a smokescreen for N-subs: ex-Oz foreign minister

Sponsored

Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts

Sponsored

Building confidence and capability is the key to boosting productivity

In the pack houses of Hawke’s Bay apple growers, smart cameras scan the apples looking for blemishes and grading the fruit to ensure only the best is selected for domestic and international markets.

ASB