Asia Pacific > New Zealand carbon permit surrender increases 36% as new rules begin to bite

New Zealand carbon permit surrender increases 36% as new rules begin to bite

Published 10:41 on August 9, 2018  /  Last updated at 10:42 on August 9, 2018  /  Asia Pacific, New Zealand  /  No Comments

Non-forestry firms covered by New Zealand’s emissions trading scheme handed in 6.8 million allowances more in 2017 than the previous year despite only a modest increase in emissions as the phase-out of the scheme's 2-for-1 rule began to take effect.

Non-forestry firms covered by New Zealand’s emissions trading scheme handed in 6.8 million allowances more in 2017 than the previous year despite only a modest increase in emissions as the phase-out of the scheme’s 2-for-1 rule began to take effect.

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