
Yesterday, Rod Carr appeared before Parliament’s Environment Committee as Chair of the Climate Change Commission. Carr made the following statement (at 5:10):
I think the first thing to do is recognise not only as Chair but the Commission itself accepts that markets and prices will provide significant signals to producers, consumers and investors, that will play an important part in putting New Zealand on a pathway, which it is not currently on, to achieve the statutory targets for domestic emissions.
So, Carr told the Select Committee that New Zealand is not on track to deliver its “statutory targets for domestic emissions.”
There are two problems with his statement.
The first is that back in May the Climate Change Commission told the government that existing policies and an ETS price of $50 will deliver net zero emissions in about 2050.
Today, the ETS is at $68. At that higher price…
View original post 420 more words
Recent Comments