The Government has asked the Productivity Commission to identify how New Zealand can maximise the opportunities and minimise the costs and risks of transitioning to a lower net-emissions economy.
New Zealand is committed to reducing its greenhouse gas emissions. As part of the Paris Agreement under the United Nations Framework Convention on Climate Change, New Zealand intends to reduce its emissions to 30% below 2005 levels (11% below 1990 levels) by 2030. New Zealand has also stated it will reduce its emissions to 50% below 1990 levels by 2050.
The inquiry will identify options for how New Zealand could reduce its domestic greenhouse gas emissions and transition towards a low-emissions future, while continuing to grow incomes and wellbeing. The inquiry seeks to answer the question of how New Zealand can maximise the opportunities and minimise the costs and risks of a transition to a low-emissions economy. The inquiry will examine how New Zealand’s regulatory, technological, financial and institutional systems can help to achieve this transition.
The terms of reference is available below.
The Commission will release an “issues paper“ by the end of July 2017 outlining the context for the inquiry, key issues to be investigated, its proposed approach, and a list of questions to be addressed and evidence sought. The Commission will consult broadly to help inform and ground its analysis.
The final report to the Government is due by the end of June 2018.
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T: (04) 903 5167
Steven Bailey, Inquiry Director
T: (04) 903 5156