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Article: NEW ZEALAND: REVISED EMISSIONS TRADING SCHEME BALANCES NEW ZEALAND'S ENVIRONMENT & ECONOMY

Article from:
US Fed News Service, Including US State News
Article date:
September 14, 2009
Copyright

WELLINGTON, New Zealand, Sept. 14 -- The government of New Zealand issued the following news release:

The Government, with Maori Party support, will revise the Emissions Trading Scheme to reduce the costs to households and the impact on jobs while ensuring New Zealand takes a responsible approach to the global problem of greenhouse gas pollution and climate change.

"New Zealand needs an emissions trading scheme to discourage carbon pollution, improve energy efficiency and reward afforestation," Minister for Climate Change Issues Nick Smith says.

"Amendments to the existing legislation are required to make the ETS workable and affordable."

Features of the revised scheme include:

* Revised ...

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