Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Budgeting for Use of Carbon is Key to Cutting Emissions

14 April 2014

Budgeting for Use of Carbon is Key to Cutting Emissions

Seriously tackling New Zealand’s emissions requires the use of carbon to be budgeted for in the same way the nation budgets for government spending.

Without new action, New Zealand’s gross emissions are projected to be 23% above its recently announced target for the year 2020, based on updated Environment Ministry figures.

The latest report of the Intergovernmental Panel on Climate Change (IPCC) has emphasised the importance of the emissions trend line – that global emissions have kept rising over the last decade, rather than fall as they need to.

New Zealand’s gross emissions have similarly risen, and they are projected to keep steadily rising out to at least 2030.

The 2020 target is the next checkpoint and is formally expressed as a responsibility for cutting emissions to 5% below 1990 levels, on average, between 2013 and 2020. When setting the target in August, the government recognised it would be significantly overshot under current policies.

A key change required is to set up a carbon budgeting process that details expected carbon emissions for the economy and how these can be reduced by practical actions.

This process, pioneered by the UK government, integrates all options for reducing emissions – from pricing carbon to energy efficiency standards – and develops action plans for each sector of the economy. A series of five year budgets for the use of carbon are then struck as savings potentials are identified.

It is an overall framework for guiding the transition to a low carbon economy.

The IPCC reports that “ambitious” efforts to reduce emissions would on average slow global economic growth by just 0.06% a year, compared to an assumed 1.6% to 3% growth per year otherwise.

The overall effect of the current approach is to put much of the cost of today’s excess emissions on tomorrow’s taxpayers. The bill for failing to reduce gross emissions in line with the target is simply being put on the credit card.

A briefing on Carbon Budgeting is available at: www.sustainabilitynz.org/wp-content/uploads/2013/08/CarbonBudgeting_IntegratedPlanningforClimateAction.pdf

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news