Emissions Trading: ETS Changes Loom For NZ Businesses
April 16th, 2010
Businesses will need to carefully assess the impact of the changes to New Zealand’s Emissions Trading Scheme (ETS). Carbon obligations for liquid fossil fuels, stationary energy and industrial processes under the ETS begin in July this year. Waste and synthetic gasses join the scheme in 2013 with agriculture joining the ETS in 2015.
While a limited number of businesses will have direct compliance obligations, all businesses will be indirectly impacted by the ETS. Businesses will need clear strategies in place to address the cost of carbon and a range of business risks associated with it. Managing these risks will involve implementing appropriate management reporting systems to satisfy the compliance regime, consideration of carbon costs in the supply chain and the need to consider the investment decisions based on these new parameters.
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