The carbon challenge: response, responsibility, and the emissions trading scheme

Essential tests to be met by any policy aiming to reduce New Zealand's greenhouse gas emissions to comply with the country's Kyoto obligations include fairness and the ability to seek out the least-cost options for abating emissions. The analysis set out in this report indicates that the Emissions Trading Scheme (ETS) will fail to meet these goals during 2008-2012, and will fail to position New Zealand for the period after 2012. Having identified the shortcomings, the report suggests structural amendments that could rescue the ETS as a viable policy response to climate change, and presents evidence suggesting New Zealand has the potential to emerge from the process in a much better position than is currently indicated by official projections. In particular, New Zealand has very significant opportunities to mitigate agricultural emissions cost-effectively and could lead in advocating the development of a new accounting framework for emissions.


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Filing Info

  • Accession Number: 01385192
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ATRI
  • Created Date: Aug 22 2012 6:42PM