Market Open

22 Apr 2021 15:37:10

Government taking action on Transport emissions

Posted: 28 Jan 2021

The Government is delivering on its first tranche of election promises to take action on climate change with a raft of measures that will help meet New Zealand’s 2050 carbon neutral target, create new jobs and boost innovation.  Transport Minister Michael Wood reports “Our Government has agreed in principle to mandate a lower emitting biofuel blend across the transport sector. Over time this will prevent hundreds of thousands of tonnes of emissions from cars, trucks, trains, ships and planes.  We’re also committing $50 million to help councils fully decarbonise the public transport bus fleet by 2035.  We’re moving quickly to introduce a Clean Car Import Standard to reduce emissions and Kiwis’ fuel costs. Legislation will be passed this year and the standard will begin next year."  More details here.