NEW ZEALAND’S CARBON GOALS
New Zealand’s goals affirmed by the Government are to:
1. Help New Zealand deliver its fair share of international action to reduce emissions, including meeting international obligations
2. Deliver emissions reductions in the most cost-effective manner
3. Support efforts to maximise the long-term economic resilience of the New Zealand economy at the least cost.
New Zealand developed an Emissions Trading Scheme as the primary tool to reduce greenhouse gas emissions. By placing a price on carbon, it helps to shift the economic burden of emissions from the government back to those who are responsible for it, and who are in a position to reduce it. A higher price for carbon stimulates clean technology and market innovation, which fuels new low-carbon drivers of economic growth.