Artwork

Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Simon Watts: Climate Change Minister unveils new changes to the Emissions Trading Scheme

2:34
 
Share
 

Manage episode 435155808 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Climate Change Minister believes slashing 24 million carbon credits will fix the struggling Emissions Trading Scheme.

Companies buy the credits in quarterly auctions - to offset their pollution output.

Repeated failures to sell credits triggered the Climate Change Commission to advise there are too many cheap units available, in order to drive down emissions.

Minister Simon Watts says it's a simple supply and demand fix, but he can't speculate on the price implications.

"What we've done here today is make sure we've put some credibility back into this market - which hasn't been the case in the past."

Changes to unit numbers kick in from 2025.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7795 episodes

Artwork
iconShare
 
Manage episode 435155808 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Climate Change Minister believes slashing 24 million carbon credits will fix the struggling Emissions Trading Scheme.

Companies buy the credits in quarterly auctions - to offset their pollution output.

Repeated failures to sell credits triggered the Climate Change Commission to advise there are too many cheap units available, in order to drive down emissions.

Minister Simon Watts says it's a simple supply and demand fix, but he can't speculate on the price implications.

"What we've done here today is make sure we've put some credibility back into this market - which hasn't been the case in the past."

Changes to unit numbers kick in from 2025.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7795 episodes

Minden epizód

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide