Carbon 'cap' price needs to be $140 a tonne by 2030 - Climate Commission

Mon, 01 Feb 2021

The trigger for the price cap in the emissions trading scheme should be raised to $70 “as soon as practical” and adjusted annually to get it to $140 by 2030, the Climate Change Commission says.The cap – known as the cost-containment reserve trigger - is currently set at $50 a tonne. When auction prices for a tonne of carbon reach that level, the government automatically offers extra volumes of carbon credits to keep a lid on the cost NZ Units – the credits that carbon emitters must surrender under the scheme to offset th...

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