Emissions Trading Scheme

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• Ensure the release of greenhouse gas emissions faces a price which, together with complementary measures, delivers the level of emission reduction necessary to achieve the targets and timeframes set out in this policy.
• Work for a transition from the ineffective Emissions Trading Scheme to introduce an effective levy that provides a greater degree of certainty over the price on emissions, improved transparency, and far greater effectiveness in providing incentives for reduction of emissions. Issues around the surrender of New Zealand units from the existing scheme will be adequately addressed.
• Work with Māori in the design and implementation of an emissions levy to ensure it does not disproportionately impact upon Māori economic, environmental and cultural interests, or households.
• Ensure that appropriately calculated credit payments will be available for greenhouse gas sequestration, for example by afforestation.
• Recycle emission revenues into income tax reduction for all taxpayers, and into funding emission abatement. (more here)

• Establish an independent Climate Commission, which would establish a carbon budgeting process for achieving significant emissions reduction targets.
• Restore the ETS so it puts an effective price on carbon, so that we move away from carbon-polluting goods and services towards low or zero-carbon options.
• Seek to play a leading role in international climate change negotiations for binding reductions in greenhouse gases, in a comprehensive and effective treaty. (more here)

• Repeal the present Emission Trading Scheme. We propose to replace it with policies and regulations that will lead to a genuine reduction in carbon emissions in a fair and just way. (more here)

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• Oppose the Emissions Trading Scheme which sees profiteering from our environment. Advocate that the government and industry work together to address pollution. (more here)

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