Latest / The Kākā by Bernard Hickey
Nicola Willis reneges on Paris in plain sight
Briefly in Aotearoa’s political economy around housing, poverty and climate on Wednesday, December 3:
* The Government has effectively reneged on New Zealand’s Paris Agreement commitment to halve our climate emissions by 2030 from 2005 levels, or buy emissions credits offshore.
* Until now, the Government has left the impression it might spend billions on credits offshore if its first choice of reducing domestic emissions failed, albeit without enough certainty for Treasury to specify a contingent liability in the Crown Accounts. The suspicion was always that the Government would renege…
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