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...

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