I looked into it about 3 months ago, as I actually thought it was a good idea. What I saw changed my mind about.
Long story short - my initial findings found this.
1) If you Emmit you pay for the emissions to a govt agency
2) This govt agency trades with others on an international level (think stock market)
3) On this market people trade for a fictitious thing that govt are given according to emissions.
I put a letter of complaint in, stating this was not ETS but simply a trading scheme similar to that of Ponzi nature. Since then they have done many revamps - its not there yet, but its better. And if organized the money 'could' stay in NZ.
Updated site is here http://www.climatechange.govt.nz/emi...eme/index.html
Basically points 1 and 2 are the same, but then
3) Credits are sold to the market from traders who have measured units (e.g. forrestry)
4) Trading conducted on local and international markets.
Reactor Online. Sensors Online. Weapons Online. All Systems Nominal.
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