Global sustainability standards impact New Zealand exports

Posted: 29 Apr 2024

More than 80 percent of New Zealand's exports by value were sent to countries with mandatory climate-related disclosures in force or proposed, a free report commissioned by legal firm Chapman Tripp by the Aotearoa Circle titled Protecting New Zealand's Competitive Advantage indicates.

For example, the European Union's (EU) carbon border adjustment mechanism (CBAM), which came into force in late 2023, imposed a cost on embedded emissions in certain carbon-intensive exports to the EU.

While the CBAM does not immediately affect New Zealand exports it has the potential to affect market behaviours.

The EU's Deforestation Regulation could also affect New Zealand exporters if not navigated successfully.

Read more on RNZ News.