Climate advocates and farmers agree: money raised from emissions trading auctions should be ring-fenced to support the low-carbon transition. Climate Change Minister James Shaw​ wanted to ring-fence the auction cash, according to documents released to Stuff under the Official Information Act. READ MORE:* Emissions trading reform Bill passes, hard work ahead* New Zealand could meet its zero carbon target at virtually no economic cost. Kevin Stent/Stuff Climate Change Minister and Green co-leader James Shaw wants to divert emissions auction cash to decarbonisation. Labour and NZ First did not respond to Stuff’s enquiries on the fate of auction cash.

Source: Stuff July 31, 2020 16:52 UTC