NZ Government Moves to Tighten ETS Oversight « Carbon Pulse

NZ government moves to tighten ETS oversight « Carbon Pulse

New Zealand’s government has announced changes to the governance of the country’s emissions trading scheme in a bid to reduce the risk of market misconduct.

Strengthening ETS Market Governance

The Government is strengthening the market governance of New Zealand’s Emissions Trading Scheme (ETS), Climate Change Minister Simon Watts says. “A credible ETS is our most powerful and cost-effective tool to drive down net emissions across the economy. But to do its job, the ETS must have good market governance in place. That’s exactly what these changes are about. “Talk about changing market governance settings has been happening for years. Th…