Climate costs rise higher than house prices
The Economy Hub: Liam Dann interviews Brian Fallow
The cost of the credits New Zealand businesses have to buy to offset carbon emissions is skyrocketing. The price of a unit has more than doubled in the past year and is up from just $2 a tonne to nearly $19 in the past five years.
The price spike follows Government moves to tighten the rules which previously allowed local businesses to buy cheaper foreign carbon credits and offered other concessions which effectively allowed a buy-one-get-one-free deal.
Hear the full interview...