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 …
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.
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 …
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 …
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 …
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 …
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 …
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” …
