carbon tax tagged posts

Government Proposes ETS Changes

April 13, 2012 New Zealand Taxation

Where am I?The government is looking at implementing greater controls on the use of foreign carbon credits by New Zealand businesses, and is also investigating the feasibility of delaying the implementation of ETS rules in the national agricultural sector.

On April 11th the Minister of Climate Change Tim Groser announced that the government has released a consultation document, outlining a series of proposed changes to the national Emissions Trading Scheme and calling for public comment on the alterations.

Amongst the changes detailed in the report, the government proposed placing restrictions on the use of carbon credits issued and paid for in foreign countries. The move would coincide with the government gaining extra powers to auction off greater numbers of New Zealand-based carbon credits units.

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Carbon Taxes Force IT Changes

February 28, 2011 International FinanceNew Zealand Taxation

The Planet Data CenterData centers and IT operations across Australia and New Zealand will soon need to face a heavy overhaul and upgrade, in order to address the possibility of a new carbon tax.

At the Kickstart Forum held over the weekend in Queensland, representatives of IT companies in Australia and New Zealand indicated that the possibility of carbon taxes is causing a reevaluation of the operation and planning of datacenter.

Carbon levies have been debated heavily in New Zealand and Australia throughout 2010, leading analysts to predict that some form of emissions taxation will be implemented by both countries’ governments in 2011 or 2012. It is estimated that data centers across the world currently account for 1.5 percent of all emissions, a level on par with the airline industry...

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Carbon Tax a Possibility

November 18, 2008 New Zealand Taxation  No comments

The new National government has made indications that they might be willing to support a new carbon tax scheme.

Speaking at a Federated Farmers conference on the 18th of November, John key admitted that his National Party would be willing to consider a carbon tax in place of t Emissions Trading Scheme ( ETS). While he did not openly support the idea of a carbon tax, John key said that a committee would be set up to evaluate the benefits and drawbacks of the Emissions trading Scheme, carbon tax or a possible hybrid of the two.

No more details of a new carbon tax were given and none are expected until the review process begins. Similar no pre-standing views on the ETS were disclosed, nor an outline of a possible hybrid of the two...

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