Browsing the ETS report, I came across this:
10. We recommend that if a short-term price cap is introduced, a clear exit strategy is critical for maintaining market confidence and development. A case can be made for a short-term price cap to assist firms while the market is developing. In the long term, however, price caps stand in the way of market development and shield business from the real price of carbon to the economy. (Opposed by the New Zealand Labour Party, the Māori Party, the ACT New Zealand Party, and the Green Party.)Looking at the List of committee members, I see that Labour had 3 members, and the other parties one each. Which makes six - a majority of the committee. Which begs the question: how is it a recommendation of the committee when a majority of the committee opposed it?
Maybe someone should ask Peter Dunne...
