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Climate Change Policy Summary - Kicking the Carbon Habit

Kennedy Graham MP
kennedy [dot] graham [at] parliament [dot] govt [dot] nz (Email)
Read the full Climate Change Policy

We can avoid the worst of dangerous climate change if we act now.

Our Climate Change Policy is about improving the way we live and do business. We can reduce emissions and enhance our quality of life.

It's also about adapting to climactic changes that are already locked in, and doing our part to help other nations, especially our vulnerable Pacific neighbours.

Key Principles

  • Our emissions must decrease as rapidly as possible
  • Our economy must be exposed to the world price for carbon.
  • Any income from a price on carbon must be used to assist the transition to a low carbon economy and to protect those on low incomes from the effects on energy and fuel prices.

Specific Policy Points

Supporting and Strengthening Kyoto

  • Support the implementation of the Kyoto Protocol
  • Make every effort to persuade the US to join Kyoto.
  • Work for a stronger binding agreement for post-2012.
  • Ensure that all our international trade agreements uphold the principles of Kyoto.

The Energy Sector

  • Except for fuel sold to electricity companies, require companies who bring fossil fuel into the NZ to purchase and transfer to government enough Kyoto-compliant emissions units to cover the carbon that is released when that fuel is burned.
  • Require electricity companies to purchase Kyoto compliant emission units, and transfer these to government.

The Agricultural Sector

  • Exempt from any requirement to purchase units sectors whose emissions are at or below 1990 levels (beef and sheep industries).
  • Place the liability for sectors whose emissions have increased above 1990 levels (Dairying and deer industries) with the large processing companies such as Fonterra, rather than with individual farmers.

The Forestry Sector

  • Ring-fence all credits from Kyoto forests for projects that will benefit and stimulate the forestry sector as a whole.
  • Pay Kyoto forests for some of the carbon sequestered in KP1 (to be surrendered if deforested).
  • Pay Pre-Kyoto forests that are replanted during KP1 a replanting incentive payment.
  • Fund Research & Development of benefit to the forestry industry.
  • With the exception of crown forests used as treaty settlements, require a carbon payment of not more than half the cost to the taxpayer for all deforestation of non-Kyoto forests.

Revenue recycling

Use all Government revenue from surplus carbon credits to:

  • Invest in technology research and development to further reduce our emissions.
  • Shift the West Coast economy away from coal mining.
  • Provide partial protection to sectors which have no way of reducing emissions and whose international competitiveness would be at risk if they faced the full price of carbon.
  • Fund an intensive programme of energy efficiency, renewable energy and transport programmes.
  • Assist low income and vulnerable sectors of society to adjust to the resulting changes in the economy.
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