Country:New Zealand
Policy status:Ended
Date Effective:2004
Policy Type:
Policy Target:
Agency:New Zealand Climate Change Office
Description:The Government had planned to introduce an emissions charge (on fossil fuels and industrial process emissions) from 2007 to create an incentive to reduce emissions. The charge would approximate the international emissions price, but be capped at NZ$25 a tonne of carbon dioxide equivalent. Revenue would not have been used to improve the Crown’s fiscal position but instead recycled - through the tax system or into funding climate change projects and programmes. In 2007, the Government announced a preference for a market based approach, ie an emissions trading scheme whereby all sectors and all Kyoto gases would be subjected to the international price of carbon. It is planned that this become law in 2008.

Last modified: Tue, 31 Jul 2012 10:39:38 CEST