Waimakariri MP Matt Doocey welcomes changes to the Emissions Trading Scheme (ETS) subsidy that will help the economy grow with lower emissions.
This follows the announcement by Climate Change Minister Paula Bennett in Budget 2016 that the subsidy that allows some businesses to pay one emissions unit for every two tonnes of pollution will be phased out over three years.
“This is a positive step for climate change. Businesses will have time to adjust to paying the market prices of their emissions and to better reach targets to protect our environment,” Doocey, who is a member of the Local Government and Environment Select Committee, said.
“We know that the Waimakariri District Council is proposing changes to its Natural Hazards Management Plan to meet the potential for the natural hazards of flooding, liquefaction, earthquake fault lines and coastal erosion. We need to address the serious issues of climate change which have a far-reaching impact on all our lives through rising sea levels, coastal erosion and flooding,” Doocey said.