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New Zealand Enacts First Ever Carbon Tax

| Wednesday May 11th, 2005 | 0 Comments

emissions.jpgAs reported yesterday on Worldchanging, the New Zealand governement has imposed a NZ$11 per ton tax on carbon emissions. The tax ammounts to about NZ$2.90 per citizen, but is expected to be balanced out by other tax cuts. Also, as a tax on waste, it provides the right incentives for companies to become more efficient to reduce costs.


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