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Emissions pricing and congestion pricing have a lot in common. The economics of both are straightforward. Read more
The biggest risk to New Zealand’s Emissions Trading Scheme isn’t technical issues in how the scheme is run or in its accounting. The biggest risk instead is politics. Read more
Clean air is certainly the flavour of the month in Europe judging from the skyrocketing price of carbon. Since April last year, emissions units on the EU’s Emissions Trading Scheme (“ETS”) have nearly quadrupled from €15 to above €56 (NZ$95) this week. Read more
Read our submission to the Ministry for the Environment on phasing out fossil fuels in process heat. The New Zealand Initiative fully supports New Zealand’s emissions targets. Read more
Here is our submission to the Transport and Infrastructure Committee on the inquiry into congestion pricing in Auckland. We broadly support the analysis and recommendations provided in the “The Congestion Question: Main Findings” (the Report). Read more
In our submission to the Commerce Commission on its open letter "Ensuring our energy and airports regulation is fit for purpose" we urge the Commerce Commission to act consistently with our statutory emissions targets as they are worded in the legislation. Terms like “decarbonisation,” “energy transition” and “low carbon economy” are not consistent with our statutory targets. Read more
What is it about climate change that turns august institutions into the intellectual equals of quivering jellyfish? Last week, Germany's highest court upheld a constitutional complaint against the Federal Government on climate change. Read more
It is easy to dismiss critics of the Climate Change Commission’s plan to reduce emissions as opposed to any action at all. Too easy. Read more
The Emissions Trading Scheme (ETS) uses prices to lower emissions. The scheme launched in New Zealand in 2008 and it is now one of the best-designed schemes in the world. Read more
One year ago, in a desperate rush, the government launched the wage subsidy scheme. It had to be done in a hurry; every other option was worse. Read more