Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Failure to cut emissions could cost $34,000 per household

Treasury says failure to cut emissions could cost $34,000 per household


Treasury figures, released by the Sustainability Council today, show failing to take action to cut greenhouse gas emissions will cost between $2,000 and $34,000 per household, the Green Party said.

The Sustainability Council has obtained figures previously redacted from a Treasury climate briefing which shows that the cost of failing to take action to cut New Zealand’s greenhouse gas emissions is between $3 billion and $52 billion from 2021 to 2030. The Treasury report identifies the cost of buying credits to cover a target of a 5 percent reduction below 1990 levels for the 2021-2030 period at a price of between $10 and $165 a tonne.

“New Zealand families can’t afford the cost of inaction,” Green Party Co-leader Dr Russel Norman said today.

“We’re not doing our fair share, the National Government has no plan, and we are on the wrong track.

“The longer we delay taking real action on climate change, the higher the cost New Zealand families will pay.

“We can take action on climate change that will reduce our emissions and save households money. The Green Party’s Climate Tax Cut plan released in June would cut New Zealand’s emissions by putting a price on carbon, and recycle the revenue into tax cuts for kiwi families.

“These figures show continuing to rely on buying offsets for New Zealand’s increasing emissions is not an option.

“We need a plan to reduce emissions, not more hot air from National Ministers claiming we are on the right track,” said Dr Norman.

New Zealand climate facts:
· Currently fifth highest emissions per capita in the OECD and they are increasing. [1]

· 20 percent increase in net emissions under National. [2]

· A recent Ministry for Environment report shows a 50 percent increase in NZ’s projected net emissions in the next decade. [3]

· Advice from officials is that the gap between our reduction commitments and reality is widening. [4]

· Ministry for the Environment briefing indicating New Zealand is currently on track to miss our 2050 emissions reduction target. [5]

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Unreal Optimism About The Economic Impact Of Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, the adversity has only accentuated just how close we are to Beijing Nothing wrong with being upbeat, if it can calm the nerves and turn business sentiment into a self-fulfilling prophecy. The problems begin when the optimism detaches itself from reality. What has been very odd so far about the coronavirus episode is that global share markets – normally spooked by mere sneezes or sniffles in the world’s major economies - have continued to be fairly positive, even as the epidemic has unfolded... More>>

First Published on Werewolf here


 

Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>

ALSO:

UN Expert: NZ Housing Crisis Requires Bold Human Rights Response

This is a press statement from UN Special Rapporteur on the right to housing at the end of her 10-day visit to New Zealand. The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur ... More>>

ALSO:

2020 And Beyond: National’s Economic Plan

National Leader Simon Bridges has today outlined National’s economic plan heading into election 2020. “National understands the economy and how it impacts on New Zealanders day to day lives... More>>

ALSO:

Abortion Legislation Committee: Abortion Bill Report Presented To The House

The Abortion Legislation Committee has presented its report on the Abortion Legislation Bill to the House. A copy of the report is available here. The bill seeks to have abortion services provided like other health services... More>>

ALSO:


Auditor-General's Report : Water Management

The Auditor-General’s report Reflecting on our work about water management was presented to the House of Representatives today. Over the last two years we have been looking at how well public organisations are carrying out their water management ... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels