Carbon-emitting companies have been offered extra time to report their emissions for last year, as the Covid-19 outbreak plays havoc with some of New Zealand's biggest greenhouse gas producers. The Environmental Protection Authority will offer Emissions Trading Scheme (ETS) participants another four weeks to file their emissions return paperwork, in light of the Covid-19 outbreak. Supplied As governments impose severe restrictions on citizens' movements to combat Covid-19, carbon emissions are falling. For each tonne of carbon dioxide, the scheme then calculates if the participant has earned or must surrender emissions units. Ross Nolly New Zealand's Covid-19 lockdown is likely to impact ETS forestry participants' ability to plant new trees, experts predict.
Source: Stuff March 31, 2020 00:22 UTC