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Article: Emissions trading scheme delay now 'inevitable'

Article from:
The Press
Article date:
May 6, 2009
Author:
Copyright

New Zealand's emissions trading scheme will "inevitably" be delayed to bring it into line with the Australian scheme, which has been put off for a year, according to experts.

Leading energy and resources lawyer Bryan Gunderson, a Kensington Swan partner, said a delay here was certain now that Australia had delayed its scheme.

"It would be imprudent for the New Zealand Government to introduce an ETS ahead of our major trading partner."

One leading energy sector executive said there was a "strong will" to align New Zealand's scheme with Australia. The regulation was important and complex and the Government would take more time to get it ...

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