Carbon News - Intelligence for the carbon market

OFF TARGET: Carbon over-shoot could cost billions

Monday 30 May 16 11:00am

Officials warned the Government that New Zealand was at risk of over-shooting its 2030 emissions reduction target by 150 million tonnes due largely to subsidies to emitters and a stockpile of privately held carbon units.

And it could cost the country between $3.5 billion and $7 billion.

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Related Topics: Carbon prices | Emissions trading | ETS

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