Emissions Trading Scheme Review Committee

The Emissions Trading Scheme Review Committee was a special committee of the New Zealand Parliament which conducted a review of the Fifth Labour Government's Emissions Trading Scheme between December 2008 and late August 2009. == Background == Immediately after the New Zealand general election, 2008, the new National-led government announced that, in accordance with its coalition agreement with the ACT Party, it would delay implementation of the New Zealand Emissions Trading Scheme ("NZ ETS") as established by the Labour Government in the Climate Change Response (Emissions Trading) Amendment Act 2008 and set up the Emissions Trading Scheme Review Committee to review the NZ ETS. In November 2008, the National Business Review reported that an international carbon trading company, EcoSecurities Group, had postponed opening an office in New Zealand because of the National Government's decision to delay the NZ ETS. == Terms of reference == The National-ACT coalition agreement mentioned reviewing the emissions trading scheme and possible alternatives to it, as well as "hear[ing] competing views on the scientific aspects of climate change" and considering whether responding to climate change is economically worthwhile.

Source: Wikipedia — Emissions Trading Scheme Review Committee (CC BY-SA 4.0)