The government is planning to place a sinking lid on New Zealand's greenhouse gas emissions, after years when our output has hovered around the same, high level. Even with the proposed sinking lid on emissions, much more will need to happen from 2025 onwards if New Zealand is going to meet its Paris target by 2030. Stuff The ETS reform bill offers the agriculture industry the chance to design a method of pricing emissions at the farm level. The bill also proposes phasing out the large number of free credits allocated to industrial carbon emitters inside the ETS, which would otherwise blunt the impact of the sinking lid policy on those emissions. The ultimate goal is to get the country to net zero carbon emissions by 2050, with somewhere around a third lower methane.

Source: Stuff June 02, 2020 11:09 UTC