News » 'Dirty dozen' cheated on ETS - Morgan Foundation
'Dirty dozen' cheated on ETS - Morgan Foundation
Aug 15, 2016
Motu's Catherine Leining comments on the new Morgan Foundation report into those companies that benefited most from offsetting their carbon emissions with cheap European units. RadioNZ report here.
"The reality is that more firms may want to do the right thing by the climate but can't because they have to compete against other producers on the basis of price and answer to their shareholders."
She said the New Zealand firms that took the high road and avoided hot-air ERUs should be applauded, but government policy needed to provide the firms with certainty on a rising price of emissions over time.
Catherine's blog commenting on the report is here.