UPDATE: Govt hints at higher carbon price cap as forestry funding soars; targets natives

Mon, 13 Aug 2018

(Adds detail throughout) By Pattrick Smellie Aug. 13 (BusinessDesk) - The government is hinting it will lift the $25 a tonne upper limit on the price of a New Zealand Unit of carbon dioxide in the Emissions Trading Scheme, in an announcement following hard on a doubling of funding for government tree-planting. Climate Change Minister James Shaw and Economic Development and Forestry Minister Shane Jones jointly announced a six week consultation on "improvements to the ETS", in which "the government is interested in hearing stakeholders’...

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