New Zealand’s budget needed to allocate more than small change to the climate crisis | Robert McLachlan and Paul Callister
Climate politics is a long game but people must see more positive changes to really appreciate the benefits of ending fossil fuels
The New Zealand emissions trading scheme (ETS), now in its fourteenth year of operation and much criticised for (so far) failing to cut emissions, is the centrepiece of the government’s climate action. Judging from Budget 2021, it will remain that way for years to come.
Auctioning of emissions units began in March, and 2022 will see the introduction of a falling cap on net emissions of long-lived greenhouse gases. (The precise level of the cap will be announced later in the year.)