New Zealand faces criticism for potentially subsidizing pollution via carbon credits for Rio Tinto's Tiwai Point smelter.
New Zealand faces criticism over its carbon credit rules, as Rio Tinto's Tiwai Point smelter could receive $2bn in subsidies over 20 years under a new electricity deal. The Don't Subsidise Pollution campaign calls for an end to free carbon credits and the introduction of a Carbon Border Adjustment Mechanism. The NZ government is under pressure to change these rules to avoid subsidizing pollution during the climate crisis.
May 31, 2024
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