Govt does U-turn on ETS settings

After a collapse in carbon price and a judicial knockback, climate change minister James Shaw has got his way on the ETS. (Image: BusinessDesk)

Ian Llewellyn

Tue, 25 Jul 2023

After a collapse in carbon prices and a judicial knockback, the government has reversed emissions trading settings.The rejection of the Climate Change Commission’s (CCC) advice to tighten emissions trading scheme (ETS) settings late last year – due to inflationary fears – was the first in a series of government moves which resulted in carbon prices collapsing from nearly $90 to below $35.The high court recently ordered climate change minister James Shaw to reconsider the basis for the settings decision saying they didn't r...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Law & Regulation

Pushpay insider trader loses conviction appeal

A prominent businessman found guilty in 2023 of insider trading over the sale of Pushpay Holdings shares is closer to being named, with the Court of Appeal increasing his fine and dismissing his bid for continued name suppression.The case brought by the Financial Markets Authorit...

Staff reporters 6:35pm

Retail Market Close