Climate Change Minister James Shaw snubs two-tier Emissions Trading Schemes

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Climate Change Minister Minister James Shaw has snubbed recommendations from the environment watchdog for two separate Emissions Trading Schemes — one for fossil fuels and one for farming and forestry.

Shaw and Forestry Minister Shane Jones later announced a change to the ETS that will change how forest owners are paid for the carbon their trees absorb from 2021. The changes were brought about by prompts from the forestry sector wanting a simpler accounting method that would incentivise planting trees….

An excerpt from NZ Herald