19.01.2016 - Cost of carbon going up
The cost of pouring greenhouse gas emissions into the atmosphere is going up. These costs are set by carbon traders operating under New Zealand's Emissions Trading Scheme (ETS). The latest figures show they have reached their highest level in four years. Under the ETS, businesses such as petrol companies that emit carbon dioxide (CO2) must pay money to businesses such as forestry companies that absorb carbon dioxide. This works when forestry companies sell a so-called carbon credit on a carbon exchange and the fuel companies buy it...............................................Full Article: Source
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