New Zealand's Emissions Trading Scheme reforms target transparency, compliance
Contributed by NAMPA / Xinhua.
WELLINGTON, May 16 (Xinhua) -- The second set of improvements to the New Zealand Emissions Trading Scheme (NZETS) have been announced to further encourage greenhouse gas emissions reductions and increase forestry planting, New Zealand's Minister for Climate Change James Shaw said on Thursday.
The latest changes will improve transparency within the project, increase rates of compliance with the scheme, and pave the way for robust auctions.
It would also ensure that the fixed price option is remov ...