New Zealand has a greenhouse gas emissions credit trading system, with limited permission to pollute available each year. The rules for it are supposed to be set by an independent commission, to insulate them somewhat from politics. Ministers tried to override the commission and auction off more emissions permits than planned, but lost in court, so existing rules are preserved.
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New Zealand has a greenhouse gas emissions credit trading system, with limited permission to pollute available each year. The rules for it are supposed to be set by an independent commission, to insulate them somewhat from politics. Ministers tried to override the commission and auction off more emissions permits than planned, but lost in court, so existing rules are preserved.