NZ ETS Settings Hold Steady Amid Shortfall Warning
The Climate Change Commission has recommended maintaining the current New Zealand Emissions Trading System (NZ ETS) settings but warns of a potential unit shortfall as early as 2028.
Former Greens leader and Greenpeace New Zealand executive director Russel Norman says a price needs to be put on agricultural emissions.
“You’ve got to start that in this term – none of this nonsense about kicking the can two elections down to 2025.”
What he’s talking about is a climate action plan announced by the Government last year that would see livestock emissions enter the Emissions Trading Scheme in 2025.
Ministers at the announcement, including Green Party co-leader and Climate Change Minister James Shaw, agreed to allow farmers to manage their own methane emissions until then.
Norman, however, wrongly thinks that with the strong mandate, Labour and Greens have the right to trample on agreements made last term.
