Issue 6: September 2008
The legislation establishing New Zealand’s emissions trading scheme was passed into law in September 2008.
The design of the New Zealand ETS is far reaching and will result in significant direct and indirect economic impacts to both businesses and households, regardless of whether they are participants in the scheme. To manage these impacts, businesses need to focus their attention on energy efficiency, and develop robust carbon management strategies to price carbon into all business decisions. For participants in the scheme, there will also be significant compliance, accounting and tax obligations.
The big question all businesses must ask is: how should they 'carbon-proof' themselves to minimise costs?
Emission Critical provides an in-depth look at the key design features of the ETS and examines some of the implications and obligations for both business and households.
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