NZ government delays timing of higher ETS costs as global climate action stalls

Mon, 02 Jul 2012

By Pattrick Smellie July 2 (BusinessDesk) - The government has sided with advice from industry and farming lobbies, pushing out both the dates and levels at which New Zealand will face higher carbon costs under the country's emissions trading scheme. Climate Change Minister Tim Groser told BusinessDesk today's decisions were akin to "maintaining the current speed limit" by changing none of the settings that could increase costs to businesses and consumers, while pushing the inclusion of the agriculture sector in the ETS to an unidentified fu...

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