OraTaiao submission on ETS review, May 2012

This submission is not comprehensive, and we reiterate the recommendations made by the Council (OraTaiao) alongside other NGOs during the NGO consultation by the ETS 2011 Review Panel on 7 March 2011, that New Zealand’s ETS must:

• provide clearer emissions reduction quantity targets
• take the price cap off and remove the 2 for 1 rule to let the price signal rise
• extend coverage to all sectors and remove concessions, particularly for farming
• let alternative abatement methods blossom
• place limit on credits bought and sold in the system internationally
• change from an intensity based allocation to a capped absolute system.

Read full submission here.


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