The Government appears ready to use the European credit
crisis as a way out of expanding its obligations within the
controversial emissions trading scheme (ETS).
Dunedin's work on waste diversion, and its project to use gas
from its Green Island landfill to create electricity, should
mean it pays a minimum amount under the Government's
Emissions Trading Scheme (ETS).
The Maniototo Community Board could face a $373,160 emissions
trading scheme (ETS) liability unless it replants its cleared
Naseby forestry blocks before the end of next year.
Auchterless could be carbon-neutral under the proposed
emissions trading scheme (ETS), but station owner Alan Garden
warns selling carbon credits from trees is not the financial
windfall it seems at first.
Ten million New Zealand Units have been issued by the
Ministry of Agriculture and Forestry under the emissions
trading scheme (ETS) since the first returns were processed
in early 2009.
The Emissions Trading Scheme (ETS) is to be reviewed next
year and Climate Change Minister Nick Smith says he wants to
make sure it is achieving its goals of reducing emissions
with the least possible cost to consumers and businesses.