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Background

The Council’s Carbon Reduction Policy requires that:

“GW will…
“treat both the global social cost of carbon and the cost of offsetting as additional to a Participant’s obligations under the NZ Emissions Trading Scheme, or other Government obligations in relation to the cost of carbon, and include these costs in the financial assessments for all business cases.
“provide an annually updated price for the global social cost of carbon and carbon offsetting, to be used by staff in financial analyses.”

and that among the tools and guidelines provided to staff will include ‘Internal GW carbon price
values’.