Climate change

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: ,

Show me the Carbon Money

An opening of the nation’s carbon books has finally been forced upon the Treasury – and the results are truly shocking. There are two shocks to absorb: How little has been …
6 December 2011|Topics: , ,

Even Bigger Emission Subsidies Recommended by ETS Review

With each change to the ETS, the subsidy regime is expanded and the taxpayer picks up more of the tab, while there is minimal impact on gross emissions. On top …
15 September 2011|Topics: , ,

The Taxpayer’s Kyoto Position for 2011

NZ is expected to overshoot its Kyoto target by 18%. The ETS pays for less than 20% of the resulting liability. The Government is borrowing forest credits to cover the …

New Zealand’s Climate Response Officially Inadequate – UN

A UN review team has officially confirmed that New Zealand’s response to climate change is inadequate. It could find no plan for two thirds or more of what is …
19 April 2011|Topics: , ,

Integrity Gap: Copenhagen Pledges and Loopholes

Rather than the deep cuts on 1990 level emissions that are required, current pledges by developed countries would allow them to maintain business as usual emission levels, once “loopholes” …
2 August 2010|Topics: ,

Taxpayers Face $1.1 Billion Kyoto Liability After ETS Charges Paid

New Zealand’s failure to reduce emissions to its Kyoto Protocol target means the taxpayer still faces a $1.1 billion net liability after all the ETS charges have been paid. …