Posted: 09 Jun 2021
The Climate Change Commission has released its final advice to the Government, laying out a carbon-cutting roadmap that could change the way we live.
From 2022 onwards, the commission wants us to meet a shrinking “carbon budget”, which is essentially the amount of greenhouse gas the country is allowed to “spend” each year. The cost of our transition has been refined. The draft advice found our GDP would grow at a slower rate, knocking off less than 1 per cent by 2050. That’s now 1.2 per cent by 2050. However, there’s also a cost if we do nothing, the commission warned – about 2.3 per cent of GDP.
The commission has no law-making powers, so the Government will need to decide whether to pass the plan into legislation. Ardern already pledged to uphold the budget, though her ministers may tweak some of the proposals. We’ll find which ideas were thrown on the scrapheap when the Government releases an Emissions Reduction Plan in December.
See the changes summarised here.