Simon Watts: Climate Change Minister unveils new changes to the Emissions Trading Scheme

Heather du Plessis-Allan Drive

Konten disediakan oleh NZME and Newstalk ZB. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh NZME and Newstalk ZB atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

23d ago 2:34

MP3•Beranda episode

The Climate Change Minister believes slashing 24 million carbon credits will fix the struggling Emissions Trading Scheme.

Companies buy the credits in quarterly auctions - to offset their pollution output.

Repeated failures to sell credits triggered the Climate Change Commission to advise there are too many cheap units available, in order to drive down emissions.

Minister Simon Watts says it's a simple supply and demand fix, but he can't speculate on the price implications.

"What we've done here today is make sure we've put some credibility back into this market - which hasn't been the case in the past."

Changes to unit numbers kick in from 2025.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

7370 episode

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News