Public submissions are now being invited on the Review of the Emissions Trading Scheme and related matters.
The Emissions Trading Scheme Review Committee has been established by the House of Representatives to review the Emissions Trading Scheme. The terms of reference for the Emissions Trading Scheme Review Committee can be found at http://www.parliament.nz/en-NZ/SC/Details/EmissionsTrading/9/b/e/00SCETS_TOR_1-Terms-of-reference-of-the-Emissions-Trading-Scheme-Review.htm. They include:
- Requiring analysis to be carried out on the benefits or costs
What is the Kyoto Protocol?
The Kyoto protocol was signed by 84 countries in the Japanese city of Kyoto in 1997. More countries have since signed the agreement.
The protocol is an agreement between countries to try and reduce the total amount of greenhouse gas emissions to 5% below the level they were in 1990. Different signatory countries have different targets. New Zealand’s target is to reduce its… Continue reading