NZ estimates ETS change will shave two-thirds of permit surplus, keep CO2 price below NZ$25

Published 10:01 on May 30, 2016  /  Last updated at 01:50 on May 31, 2016  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s decision to phase out the 2-for-1 rule in its emissions trading scheme over the next three years is likely to reduce the NZU surplus in the registry by nearly two-thirds by 2020 and keep the price below NZ$25 ($16.72) per tonne, according to the Treasury.

New Zealand’s decision to phase out the 2-for-1 rule in its emissions trading scheme over the next three years is likely to reduce the NZU surplus in the registry by nearly two-thirds by 2020 and keep the price below NZ$25 ($16.72) per tonne, according to the government.

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