ETS Plans to Cut the Country’s Greenhouse Gas Pollution

  • Jun 02, 2020 NZST
  • Team Kalkine
ETS Plans to Cut the Country’s Greenhouse Gas Pollution

The Emissions Trading Scheme (ETS) has finally begun to cut the country’s greenhouse gas pollution as it was initially intended to, due to the changes announced on 02 June 2020 by James Shaw, the Minister for Climate Change.

The rules that would be implemented once the bill clears include:

  • A new cap on the ETS of 160 million tonnes of CO2 equivalent greenhouse gases over 2021-2025;
  • A provisional emission budget for the 2021-2025 period of 354 million tonnes of CO2 equivalent greenhouse gasses.

 


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