Article: NEW ZEALAND: EMISSIONS TRADING SCHEME HAS TO BE FAIR, EFFECTIVE

The government of New Zealand issued the following news release:

The overall message from economic reports released this week on the emissions trading scheme is that it must be both fair and effective, Climate Change Minister David Parker says.

"A number of reports have been released in response to the emissions trading scheme this week. All of them support an emissions trading scheme, though some of them take issue with the detail of the design.

"The message from the Climate Change Leadership Forum chaired by Stephen Tindall is that the scheme is properly designed and will work. The forum highlights the need to consider again the rate at which free allocation of emission rights is phased ...

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