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29 Mar 2024 10:05
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  •   Home > News > Politics

    Changes to the Emissions Trading Scheme are expected to allay concerns about its integrity

    Changes to the Emissions Trading Scheme are expected to allay concerns about its integrity


    A study by the Stockholm Environment Institute three years ago suggested 55 percent of emissions under the scheme have been covered using questionable offsets, with little environmental integrity.

    Forestry Minister Shane Jones says the ETS has been blighted by the introduction of international units.

    He says the ministry's decided not to reopen the scheme to those units.

    Jones says that will assure those who were fearful the value of carbon units might crash, as a consequence of a precipitous opening of the Ukrainian and Russian international market.

    He says that's been ruled out as of today.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     29 Mar: Another pay offer is on the table for Police - after union members labelled the last one insulting
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     28 Mar: Victorian Premier Jacinta Allan says government will roll out tobacco shop licensing by end of year
     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Tax havens and worker exploitation: Baltimore bridge disaster gives glimpse into 'murky world' of shipping
     28 Mar: Cabinet has halted work on plans to make the Kermadec Ocean area, a sanctuary
     28 Mar: Fiji PM orders Chinese police out of country, saying no need for them in Pacific police force
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