Has anybody seen this? Bit of a bombshell to drop just as NZ Inc goes on holiday. Looks like the Cap has been put on Cap-in-Trade:
https://www.stuff.co.nz/national/pol...to-ets-pricing
"This means businesses will be paying at least $20 for every tonne of emissions and possibly up to $50. The fixed price at which the Government sell the credits would move from $35, up from $25 now.
Climate Change Minister James Shaw said research showed that a $40 price was around the point where businesses started seriously investing in cleaner technology.
The aim is to see net emissions peak at around 2020 levels and then begin falling from 2022, according to a draft "emissions budget" for the years 2021-2025. This budget would be superseded by the first emissions budget from the Climate Change Commission in 2022."