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The changing face of the NZ ETS
On 25 November 2009, Parliament passed the Climate Change Response (Moderated Emissions Trading) Bill (the Amendment Bill). As its title suggests, the Climate Change Response (Moderated Emissions Trading) Act 2009 (the ETS Moderation Act) does not seek to re-invent the framework for the New Zealand Emissions Trading Scheme (NZ ETS). Rather it moderates the impact that the NZ ETS, established by the Climate Change Response (Emissions Trading) Act 2008, has on business in the first few years at least. In this article, senior associate Kate Radka outlines the key changes brought about by the ETS Moderation Act and discusses their significance.

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For more information on any of the cases, articles and features in Commercial Quarterly, please email Diane Graham or call her on 64 9 916 8849.

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This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.

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