Industry faces more cuts to emission supports

Wed, 22 Jan 2020

Further cuts are planned to the protection energy-intensive firms receive against rising carbon costs, but no decisions are expected this year.The government surprised heavy industry late last year by announcing a review of the way it treats electricity use – the so-called electricity allocation factor - when granting free emission credits to major firms that compete against overseas producers.In a just-released Cabinet paper on that decision, Climate Change Minister James Shaw said he believes some firms are receiving more credits than warrant...

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