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Price of polluting falls as carbon credits get cheaper

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Publication Date: 
July 26, 2012
News Source: 
Radio New Zealand
The price of carbon has slipped to new lows on world markets, hampering efforts in New Zealand and overseas to improve the environment.
Emissions of carbon dioxide and other greenhouse gases have to be paid for by industries in many countries, but the cost of doing so has fallen to record lows and that makes it relatively cheap for companies to carry on polluting.
 
It used to cost polluting companies about $40 for each tonne of carbon dioxide and other greenhouse gases they emit.
 

   

Read the full story from Radio New Zealand here

 

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