Article: NEW ZEALAND: EMISSIONS TRADING CONSIDERATION TIMELINE

The government of New Zealand issued the following news release:

The government will make important decisions on New Zealand's move towards a greenhouse gas emissions trading regime in the next three months, Climate Change Minister David Parker said today.

"Climate change policy is about reducing emissions. An emissions trading scheme could provide New Zealand businesses with a flexible way of reducing their carbon footprint, and help put New Zealand on the path to a sustainable future," David Parker said.

A "cap-and-trade" emissions trading scheme is a market-based means of reducing greenhouse gas emissions. Participants in the system are allocated, or purchase, a share of the capped ...

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