Because of course:
ETS proposals ‘last nail in coffin’ – expert
The Government will introduce the auctioning of carbon units, limit use of international units and roll in a new price ceiling under just-proposed changes to New Zealand’s Emissions Trading Scheme.
But a forestry expert has criticised the moves, calling them the “final nail in the coffin” of the country’s main mechanism to meet its 2030 emissions reduction target under the Paris Agreement to curb climate change.
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…Professor Euan Mason of the University of Canterbury’s School of Forestry said the changes would allow “thin air” carbon credits with no environmental credibility to be given to polluters and also auctioned. “The carbon price will be suppressed and the notion of ‘greenhouse gas neutrality’ will be undermined,” he said. “How could you recommend to anyone to participate in New Zealand’s emissions trading scheme when the supply of bogus credits is infinitely variable? “This is the nail in the coffin of our ETS.” …
Bennett denies it:
“We will only be letting in units of high environmental integrity that represent real emissions reductions.”
Given National’s record, do you trust them?
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