Climate change

NZ’s Climate Change Targets, Projections and Liabilities

New Zealand plans to meet existing commitments to reduce emissions largely through creative carbon accounting.  It will make a third emissions pledge in 2015 and the Treasury advises the …
8 December 2014|Topics:

Budgeting for Use of Carbon is Key to Cutting Emissions

Seriously tackling New Zealand’s emissions requires the use of carbon to be budgeted for in the same way the nation budgets for government spending. Without new action, New Zealand’s gross …
14 April 2014|Topics:

33% Gap Between Emissions Target and Performance

There is a 33% gap between the government’s new climate change target and New Zealand’s expected performance, all up.  The overshoot is greater than previously expected as projected emissions …
22 October 2013|Topics: ,

Carbon Budgeting: Integrated Planning for Climate Action

The more it is recognised that pricing instruments such as the ETS are simply tools, and the real action lies in how carbon budgets are set, the greater will …
8 August 2013|Topics: ,

ETS Losses Confirmed – Groser Has Explaining To Do

New documents confirm the ETS has been a net loser for the taxpayer and that the government faces a big deficit in its carbon accounts, contrary to the Climate …
7 November 2012|Topics: , ,

NZ’s Carbon Accounts in Deficit by $1.3 Billion

New Zealand has a carbon budget deficit equivalent to $1.3 billion because the ETS is failing to bring in enough revenue to pay the nation’s carbon bills. Five years on …
13 September 2012|Topics: , ,

The Carbon Budget Deficit

A carbon budget is essential to planning for serious emission reductions. It details the expected carbon flows and associated financial commitments for a country. Read The Carbon Budget Deficit.
8 September 2012|Topics: , ,

ETS Changes to Eternal Transition Scheme

The total cost to taxpayers of changes to the ETS is at least $1.3 billion, based on the $25 per tonne carbon price the government currently uses to assess …
12 July 2012|Topics: ,

Is Stratospheric Sulphate Injection Completely Reversible?

The risk rating on stratospheric sulphate injection went up another notch on the basis of material presented at the recent geoengineering symposium in Australia, while the existing climate change …
12 December 2011|Topics: ,