Bill on free NZUs puts some companies at risk

The steel sector is one industry set to gets its free allocation of carbon units cut. (Image: Depositphotos)

Mon, 15 Aug 2022

A bill reforming the way free carbon units are allocated will be introduced by the end of the year, saving about $60 million annually and making the emissions trading scheme (ETS) more effective.However, it risks some businesses going under.Climate change minister James Shaw has been working for some time to change the way New Zealand Units (NZUs) are allocated, with evidence that some polluting firms are being given too many.When the emissions trading scheme was set up, several firms were allocated free NZUs. This was because they have high le...

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