Bernard is right. The ETS has been in place during a period of steadily rising emissions. It has been tinkered with too much and has too many exemptions to be effective. I used to work in Forestry Policy where the Min was terrified the rising price of NZUs (carbon credits) would make sheep and beef farming obsolete in place of pine trees…
Bernard is right. The ETS has been in place during a period of steadily rising emissions. It has been tinkered with too much and has too many exemptions to be effective. I used to work in Forestry Policy where the Min was terrified the rising price of NZUs (carbon credits) would make sheep and beef farming obsolete in place of pine trees. With big emitters receiving free credits to stay in NZ (like Rio Tinto) and Agriculture exempted it will only ever make a small difference to our emissions profile. At this point every lever needs to be pulled without exception. Buckle up everyone for a bumpy ride.
Bernard is right. The ETS has been in place during a period of steadily rising emissions. It has been tinkered with too much and has too many exemptions to be effective. I used to work in Forestry Policy where the Min was terrified the rising price of NZUs (carbon credits) would make sheep and beef farming obsolete in place of pine trees. With big emitters receiving free credits to stay in NZ (like Rio Tinto) and Agriculture exempted it will only ever make a small difference to our emissions profile. At this point every lever needs to be pulled without exception. Buckle up everyone for a bumpy ride.