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Article: LEAD STORY : Emissions Trading - So far it's all hot air - A carbon talkfest ; Never let it be said that we don't debate stuff here in New Zealand.While significant swathes of the world march towards carbon- constraint, we're enjoying a marvellous talkfest in our corner of the planet. Ruth Le Pla gets to grips with who is saying what about the Emissions Trading Scheme, and what this means for businesses.
- Article from:
- New Zealand Management
- Article date:
- August 1, 2008
- Author:
CopyrightCopyright 2008 New Zealand Management. Provided by ProQuest LLC. (Hide copyright information)
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When it comes to our proposed Emissions Trading Scheme, the funny
thing is we're only talking about 200 or so "points of obligation".
That's a wonderful phrase for activities that will trigger
obligations which will fall on affected companies. These companies
will have to go out and buy emission units to cover their carbon.
The small numbers prompt Deloitte chairman Nick Main to wryly
suggest you'd think we'd be able to fit everyone into one room and
have a chat about it.
Instead, our proposed ETS has become a political football.
Earlier this year the Finance and Expenditure Committee read 259
submissions and listened to 160 oral submissions in 58 hours of
hearings. The Bill was reported ...