This paper and minute sought Cabinet approval to introduce the Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Bill. The Bill reforms industrial allocation policy and revises the late payment penalty for small forestry participants in the New Zealand Emissions Trading Scheme.
This paper and minute sought Cabinet approval to introduce the Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Bill. The Bill reforms industrial allocation policy and revises the late payment penalty for small forestry participants in the New Zealand Emissions Trading Scheme.
Date of briefing: 24 November 2022