Reducing the output of New Zealand firms , it is argued , will result in increased production in another nation , and perhaps a net increase in global emissions .
Allocation to efficient New Zealand firms reduces the risk that emissions will ' leak ' offshore .
Reducing the output of New Zealand firms , New Zealand is argued , will result in increased production in another nation , and perhaps a net increase in global emissions .
Allocation to efficient New Zealand firms reduces the risk that emissions will ' leak ' offshore .