Overview
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Description
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Recent Developments
The Cabinet greenlit the draft Climate Change Bill which creates a national policy body and legal framework for a national carbon tax and ETS.
Coverage
Carbon taxation will apply to products with high greenhouse gas emissions during use, notably fossil-fuel-based products, as specified in the annex to the draft Act. The emissions trading scheme (ETS) will apply to industrial processes, covering Scope 1 and Scope 2 emissions. DCCE will study how the ETS can be used in conjunction with carbon taxation to reduce regulatory burdens and avoid overlap.
Pricing and Allocation Approaches
Not Specified
Compliance Approaches
Not Specified
Relation to Other Compliance CPIs
Will be designed not to overlap with ETS under climate change act
Covered Sectors
No eligible activities specified for this instrument.
Covered Emissions
No covered emissions data available for this instrument.
Price
No price data available for this instrument.
Government Revenue
No government revenue data available for this instrument.