New Zealand ETS to phase out 2-for-1 rule over three years

Published 03:14 on May 26, 2016  /  Last updated at 14:01 on May 26, 2016  /  Asia Pacific, New Zealand  /  No Comments

New Zealand will gradually phase out the 2-for-1 rule in its emissions trading scheme over the next three years, the government announced Thursday, a move observers say could push market prices up further but fails to address supply-side issues.

(Updated with comments and details throughout)

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