NZ ETS Settings Hold Steady Amid Shortfall Warning
The Climate Change Commission has recommended maintaining the current New Zealand Emissions Trading System (NZ ETS) settings but warns of a potential unit shortfall as early as 2028.
This follows the recent advice, provided to the Government by the Climate Change Commission, which suggested the ag sector could go down the route as proposed by HWEN, but that a levy should be instantly put on nitrogen fertiliser when farmers buy it and no credits should be given for on-farm sequestration.
Wasn't on-farm sequestration one of the key selling points pushed by proponets of HWEN, such as Feds, DairyNZ, Beef+Lamb and MIA, to convince farmers to support the model?
Your old mate reckons the HWEN canoe is already starting to spring a few too many leaks.
The queston is: Will ag sector leaders push back on the Climate Commission's recommendations?
