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BUDGET 2016: One-for-two goes but price cap stays

Thursday 26 May 16 2:30pm

The one-for-two subsidy to emitters will be phased out from January, but the $25 price cap and the allocation of free credits to trade-exposed heavy emitters are staying, the Government has just announced in the Budget.

Paula Bennett ... time to adjust
From January 1, emitters will be liable for 67 per cent of their emissions, rising to 83 per cent a year later, and 100 per cent from January 2019.

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Story copyright © Carbon News 2016

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