Wrap-up:New Zealand’s new ETS

The National Government has reached an agreement with the Maori Party on an Emissions Trading Scheme for New Zealand.

The controversial new plan, announced yesterday, is significantly ‘softer’ than the plan originally put forward and has the transport, energy and industry sectors entering the ETS mid next year, but agriculture only entering early 2015.

Other components of the Scheme will include incentives for afforestation, and enhanced transitional support for the fishing industry. More details can be found here.

The agreement has provoked much discussion, particularly on the impact of the ETS not only on our emissions, but also on New Zealand households.

The SMC will also be providing expert scientific commentary on the revised ETS in the near future.

News coverage: (please note: this is not an exhaustive list of all coverage. Older articles listed first)

NZPA:  National, Maori Party reach deal on emissions trading

Radio New Zealand: Agriculture’s entry into ETS put back two years

Scoop Audio:  Nick Smith on The Govt ETS Waterdown

3 News:  Emissions scheme announced with support of Maori Party

TVNZ/NZPA:  Fed Farmers in the dumps on ETS proposal

TVNZ/NZPA:  Labour cries foul, quits climate change talks

Radio New Zealand:  Taxpayers foot pollution bill, say environmentalists

Newstalk ZB: No horse trading done over ETS says Key

TVNZ/NZPA: Forestry upbeat on ETS but presses for more

National Business Review/NZPA: Reworked ETS has backers and bashers

Radio New Zealand:  Emissions scheme an improvement – Fed Farmers

Newstalk ZB: Agriculture gets support from business

Waikato Times/NZPA:  Changes to ETS questioned

Waikato Times: Business ticks emissions backdown, Greens choke

National: Astute politics on emissions scheme

Press releases:

Business New Zealand:  Revised ETS ‘more measured’

Greenpeace New Zealand:  Revised ETS an insult to New Zealanders

Wellington Regional Chamber of Commerce:  Revised Emissions Trading Scheme is an Improvement

Federated Farmers:  ETS announcement a mixed bag for agriculture

New Zealand Labour Party:  Kiwi families will foot bill for Nat’s revised ETS

Business Council for Sustainable Development: Proposed ETS deal disappointing, costly, uncertain