A moderate Emissions Trading Scheme is an important step in doing our fair share on climate change, balancing our environmental responsibilities with our economic opportunities.
From 1 July, transport, electricity and industry are included in the ETS. This will help drive investment in renewable electricity, forestry, and energy efficiency, and help reduce New Zealand’s emissions by 19 million tonnes by 2010. Emissions from vehicles, power stations or factories will pay $12.50 a tonne. Those who plant trees and absorb CO2 will receive $25 a tonne.
Our changes to Labour’s ETS halve the cost for the average household to an estimated $3.17 a week. The average household will be $25 a week better off from 1 October with our tax changes.
More information: http://beehive.govt.nz/release/doing+our+fair+share+climate+change
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