New Zealand's Response
- New Zealand ratified the Kyoto Protocol on 10 December, 2002.
- Since the Kyoto Protocol has come into force, New Zealand has a legally binding commitment to reduce emissions of the six specified greenhouse gases from 2008 onwards.
- In the first commitment period, 2008-2012, New Zealand has accepted an obligation to reduce its annual emissions to the level of 1990 emissions, i.e. calculated as an average over the five years.
- On current projections, New Zealand is expected to miss its Kyoto target by 36.2 mt CO2 e.
- Inclusion of New Zealand's forest sinks was expected to exceed the predicted increase in emissions providing an overall decrease from the 1990 net emissions level on a business as usual basis. This is no longer thought to be the case, with a projected emissions blow-out between 2008-2012 of 36 million tonnes/CO2 which could cost New Zealand billions of dollars to buy the required carbon credits, depending on the international price of carbon.
- Currently Government Climate Change policies are under review, due to a lack of political and public support for the introduction of a carbon tax. The Government will be consulting in 2007 on the develpment of new policy.
- Climate Change policies are linked to other foundation policies - the Waste strategy, the Transport strategy and the National Energy Efficiency and Conservation strategy and the New Zealand Energy Strategy, which is expected to be released soon.
Web Design by expert and powered by MoST