| A carbon tax targeting emissions-intensive industries and a revamp of New Zealand's much criticized emissions trading scheme (ETS) could boost economic growth, according to a study out Monday. A signatory to the Kyoto Protocol, New Zealand is committed to cutting greenhouse gas emissions by 5 percent below 1990 levels by 2020, and by half by mid-century, but the country's emissions were up 21 percent from 1990 levels in 2013.
Currently, the ETS was the main economic tool to lower carbon emissions, with industries buying carbon credits according to their emissions levels, said University of Auckland researcher Sina Mashinchi, who worked on the study with economics researchers from Cambridge University, in the United Kingdom...............................................Full Article: Source
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