3 Jul 2012

Iwi welcomes ETS decision

6:30 am on 3 July 2012

Ngai Tahu iwi has welcomed the Government's decision to delay the need for the agricultural sector to join the Emissions Trading Scheme until at least 2015.

It has also decided to leave carbon compensation credit provisions in place for forests planted before 1990.

The iwi's Kaiwhakahaere Mark Solomon says it is clear the climate change minister has taken on board feedback he received during a public consultation process.

He says the decisions to allow land owners to offset their carbon credits and cap the price emitters have to pay if carbon prices begin to rise internationally, provide greater certainty for Ngai Tahu Runanga to make sound judgements about long term investments.

Mr Solomon says the runanga agrees the Government should be wary about loading extra costs of the ETS scheme onto households.