We can be leaders and reach an ambitious emissions reduction target that New Zealanders can be proud of.
We can have a more prosperous New Zealand now, and leave a stable climate for the future.
This plan shows that with real leadership and a bit of Kiwi ingenuity, New Zealand can reduce our emissions by a respectable 40 percent, even if we allow an additional five year transition period for the farming industry. Here’s how:
- The Government can implement the following cross-sector policies:
- A Climate Commission that assesses the Government’s progress on meeting targets and provides advice on improvements.
- A Green Investment Bank that will stimulate growth in low emissions economic activity.
- A revenue neutral ‘Climate Tax Cut’ that puts a price on greenhouse gas emissions, but recycles the revenue back to householders and business via tax credits.
In addition to these cross-sector policies, the Government can also implement sector specific policies to cut emissions in electricity, transport, industrial processes, waste, and forestry. We need cuts of 28 Megatonnes (Mt) below 2015 levels in order to meet a 40 percent target.
- We can cut 4.8 Mt from our electricity emissions.
- We can cut 7.7 Mt from our transport emissions.
- We can cut 3.7 Mt from other combustion of fossil fuels.
- We can cut 2.1 Mt from our industrial process emissions.
- We can cut 3.6 Mt from our waste sector.
- We can exempt agriculture from any emissions obligations until 2020 and then cut 2.2 Mt.
Through forestry, we can sequester the remaining emissions needed to meet our 40 percent target.