• ETS Reform Bill passes third reading
The ETS Reform Bill passed its third and final reading yesterday. It’s taken twelve years to get back to where we started with the initial ETS brought in by Labour. It’s been a herculean effort by officials. Congratulations.
Here is the summary of what we will see starting this year with the FPO and beyond:
1) The Fixed Price Option will be $35 for this emission year.
2) This will be a proper Cap & Trade scheme from 2021. We will see a descending cap on emissions enabling us to budget…