New Zealand parliament passes ETS reforms after 5-year process

Published 07:10 on June 16, 2020  /  Last updated at 10:15 on June 16, 2020  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand parliament on Tuesday approved legislation to amend the nation’s ETS, putting an end to a near-five year reform process that will see the market face a higher fixed price option for 2020 and next year introduce auctioning and an absolute emissions cap.

The New Zealand parliament on Tuesday approved legislation to amend the nation’s ETS, putting an end to a near-five year reform process that will see the market face a higher fixed price option for 2020 and next year introduce auctioning and an absolute emissions cap.

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