Motu's Catherine Leining comments on the new Morgan Foundation report into those companies that benefited most from offsetting their carbon emissions with cheap European units. RadioNZ report here.
"The reality is that more firms may want to do the right thing by the climate but can't because they have to compete against other producers on the basis of price and answer to their shareholders."
She said the New Zealand firms that took the high road and avoided hot-air ERUs should be applauded, but government policy needed to provide the firms with certainty on a rising price of emissions over time.
Catherine's blog commenting on the report is here.
You can see more of Catherine and other experts' opinions at the Science Media Centre.