New Zealand government Tuesday brought up a bill on climate change to the Parliament for discussion, planning to do more to fight against climate change.
In the Climate Change (Emissions Trading and Renewable Preference) Bill, the government suggested to launch the New Zealand Emissions Trading Scheme and ban new fossil-fueled thermal electricity generation in the next ten years.
Under the Emissions Trading Scheme, the government will try to establish a market which provides incentives to reduce greenhouse gas emissions.
Different sectors will be phased into the scheme over the next five years, and the assistance to help industry and agriculture adjust to the scheme will continue to 2025, according to the scheme.
"The government believes New Zealand must play its part in the global fight against climate change," said Finance Minister Michael Cullen.
"We want New Zealand to be the world's first truly sustainable nation and we are committed to providing the sensible leadership to make that happen," he added.
Green Party co-leader Jeanette Fitzsimons welcomed the restrictions on new thermal generation, saying that the emissions trading scheme needed to be implemented faster.
The Business Council for Sustainable Development of New Zealand, a major organization in business sector in the country, also welcomed the move.
Source: Xinhua
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