Big ETS changes proposed
Climate change proposals that would transform the Emissions Trading Scheme by capping emissions at 2020 levels, limiting the number of emissions in the system and doubling the carbon price cap to $50 a tonne were released for discussion last night.
Climate Change Minister James Shaw and Energy Minister Megan Woods put out a joint news release at 5.21pm last night. Here's the full discussion paper.
There are over 100 questions addressed in 133 pages over 11 chapters in two parts for energy, farming, transport and policy experts to peruse before Christmas.