The ETS is New Zealand’s primary tool to reduce its greenhouse gas emissions. The scheme puts a price on emissions from sectors like industry, transport and electricity, and provides New Zealand Units (NZUs) for eligible forests that absorb emissions. In this way, the ETS creates a price on emissions and a market for reducing them.
The ETS is New Zealand’s primary tool to reduce its greenhouse gas emissions. The scheme puts a price on emissions from sectors like industry, transport and electricity, and provides New Zealand Units (NZUs) for eligible forests that absorb emissions. In this way, the ETS creates a price on emissions and a market for reducing them.