Carbon News - Intelligence for the carbon market

TEN YEARS AGO ...

Wednesday 3 Apr 19 11:00am

Nick Smith

 

Ten years ago, the Government was getting ready to hand out its first New Zealand Units.

The Emissions Trading Scheme came into force in late 2008 but was placed under review by the newly elected National Government.


National had voted against the scheme, and there was speculation that it might do away with the scheme altogether.


But in April 2009, while the review was under way, climate minister Nick Smith transferred eight  million NZUs (the New Zealand carbon unit) into the Crown’s holding account, sending a signal to the market that the scheme might change, but it wouldn’t go away. | Read the story here
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Related Topics: Emissions trading | ETS

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