The Climate Change Commission (CCC) says it proposes recommending the Government revisit the design of the incentives created by the New Zealand Emissions Trading Scheme (ETS) to ensure it supports the desired outcomes for the transition to net zero long-lived gas emissions. The existing ETS architecture, combined with the relatively low cost of using forests to capture carbon, is likely to result in extensive afforestation in the near term, which in turn is likely to slow efforts to reduce emissions at their source.

https://www.interest.co.nz/rural-news/120974/angus-kebbell-says-it-one-thing-climate-change-commission-require-more-emissions

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