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

Heather du Plessis-Allan Drive

Contenido proporcionado por NZME and Newstalk ZB. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente NZME and Newstalk ZB o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

2M ago 2:34

MP3•Episodio en casa

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.

7749 episodios

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