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: ,

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: ,

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: , ,