This article argues that the ETS won’t work and the time has come to explore other methods of reducing emissions, like Tradable Energy Quotas (TEQs) instead.
The New Zealand Emissions Trading Scheme is a tool to help the country meet its domestic and international climate change targets. Our ETS has been in operation since 2008. The theory is that if you make polluters pay for their right to emit greenhouse gases and that price rises, firms will change their practices and reduce their emissions.
Fifteen years and many twists and turns later it looks as though several key proponents are finally admitting it may not work. Continue reading “Isn’t it time to admit the Emissions Trading Scheme will never work?”