Asia Pacific > New Zealand to begin phaseout of free NZU allocation in 2021

New Zealand to begin phaseout of free NZU allocation in 2021

Published 07:00 on July 31, 2019  /  Last updated at 11:13 on July 31, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand will begin phasing out free allocation of carbon permits to emissions-intensive industrials in 2021, but only at slow pace initially, the government announced Wednesday along with decisions on access to averaging for forest-owners and Kyoto unit cancellations.

New Zealand will begin phasing out free allocation of carbon permits to emissions-intensive industrials in 2021, but only at slow pace initially, the government announced Wednesday along with decisions on access to averaging for forest-owners and Kyoto unit cancellations.

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