Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


NZ emissions trading scheme is failing but could be fixed

New Zealand emissions trading scheme is failing but could be fixed

January 10, 2014

New Zealand’s initial attempt to mitigate the problem of climate change is on its last legs, a University of Canterbury (UC) forestry expert says.

Professor Euan Mason says the Kyoto Protocol, which we ratified in 1997, bound New Zealand to keep its net emissions at 1990 gross emission levels between 2008 and 2012, but also tied the country to particular patterns of thinking about greenhouse gases.

With a unique emissions profile, New Zealand could offer the world valuable solutions for developing nations if only we would accept the opportunity. New Zealand’s greenhouse gases emission profile is closer to that of a developing nation than a first world one, and so solutions that work for us might also work in developing nations.

Professor Mason, of UC’s School of Forestry, has seen large numbers of seedlings (Eds: see photos attached) which were grown in response to our emissions trading scheme and then were recently destroyed with herbicide in a nursery because they went unsold during the 2013 planting season.

``These two-year-old seedlings were grown in anticipation of a well-functioning emissions trading scheme,’’ he says.

``Instead we have an emissions trading scheme which is supposed to do the heavy lifting in New Zealand's climate policy but could not lift one dry Weet-Bix out of its box.

``Forestry could easily make us fully greenhouse gas neutral while solving erosion problems and improving profitability of our hill country farms, but for this we need a rational approach to emissions trading and commitment from our populace.

``Our emissions trading scheme is failing to change behaviour, partly because of low credit prices, and partly because we have taken a piecemeal approach to implementing it.

``Credit prices have dropped because we allow unrestricted imports of hot air credits from eastern Europe.

``The piecemeal approach to our emissions trading scheme, in particular the total exclusion of our agricultural sector, has further reduced its effectiveness and its credibility.

``By excluding agriculture from our emissions trading scheme, we give a free ride to the very sector that emits more greenhouse gas than any other single sector in the country.

``Surprisingly, New Zealand could be completely greenhouse gas neutral between 60 and 100 years by planting radiata pine on approximately 2.4 million hectares, which is nine percent of our land area, or more than doubling our current plantation area of our marginal lands.

``To promote this kind of solution along with reductions in emissions we need a higher credit price, which means no more hot air and all sectors in the emissions trading scheme.’’

Professor Mason says New Zealand has so far failed to respond adequately to climate change and our emissions are among the fastest rising in the world.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news