The Act also establishes a framework for a number of emissions, regular measures for planning the effects of climate change and an independent commission on climate change. The Commission is responsible for developing national climate change risk assessments and reports on the implementation of the national adaptation plan. The Commission will provide informed advice, for example. B on the amount of programming that can be financed or borrowed between two neighbouring emission budget periods and on monitoring, including, if applicable, recommendations for changes to the 2050 target and emission budgets. In early 2021, the Climate Change Commission will also debate all necessary changes to the NDC. New Zealand`s main instrument for reducing greenhouse gas emissions is an Emissions Trading Scheme (NZ-SCEE). The government adopted major eteat reforms in June 2020. Despite an election promise and a coalition agreement to include agriculture in the ETS, emissions from the sector will not be included until 2025 and farmers will be exempt from 95% of emission charges, i.e. they will have to bear the cost of only 5% of their emissions. This is a significant reduction, as agricultural emissions accounted for 48% of the country`s non-UTCATF greenhouse gas emissions in 2018, leaving the rest of the economy to the target of achieving the target. He also questioned the setting of targets against an overall target, which depends mainly on the performance of other countries. Oxfam New Zealand has blown up the government`s emissions reduction target under the Paris Agreement and said it was not compatible with limiting global warming to 1.5 degrees above the pre-industrial average and was an unfair burden on developing countries, including our Pacific neighbours.
, to reduce their own emissions. New Zealand is one of the few countries where a zero-emissions target is enshrined in the law, its Zero Carbon Act, but short-term policy cannot yet follow that goal. It should be noted that the global warming target for 2030 has not been updated in the new NDP; Only one indication has been added that this could happen in 2021. Methane from agriculture and waste (more than 40% of New Zealand`s emissions) is exempt from the zero target and has a separate target that is not yet covered by significant measures. The government`s economic impetus to recover from the COVID 19 pandemic blockade includes elements that could – but are not obligated – to support carbon-intensive projects. CAT believes the 2030 target is « insufficient. » It can now be satisfied on the basis of pessimistic economic assumptions. The government has indicated that it will launch a Zero Carbon Bill at the end of 2018 with a bold new emissions reduction target for 2050. « Oxfam`s report raises an important question of whether our 2021-2030 target is in line with the goal of limiting global warming to 1.5 degrees Celsius above last year`s pre-industrial levels, » said Shaw.