ETS amendment bill passes

National’s bill, which will assist New Zealand in meeting its current and future international climate change obligations, has passed its third and final reading in Parliament.

The Climate Change Response (Emissions Trading and Other Matters) Amendment Bill makes changes to the current act, ensuring our Emission Trading Scheme (ETS) operates at least cost to the domestic economy. It also provides the flexibility necessary to accommodate developments between now and 2015, when the Government will next review the ETS.

By maintaining incentives for reducing emissions, without loading costs on households and businesses, our ETS is helping contribute to a stronger and more productive economy – one of National’s priorities this term.

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