Iwi leaders complain weak ETS destroying Maori asset values

Tue, 16 Oct 2012

By Pattrick Smellie Oct. 16 (BusinessDesk) - The peak Maori body advising the government on climate change issues says the weak provisions intended for the Emissions Trading Scheme are robbing Maori of hundreds of millions of dollars by depressing the value of New Zealand carbon credits attached to Maori forestry holdings. The comments coincide with the value of a New Zealand Unit (NZU) dropping back below $3, a historic low point, for the second time in a month, as a glut of European carbon credits combines with New Zealand's policy to allow...

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