Getting New Zealand back on target
In late 2012, New Zealand declined a second commitment period under the Kyoto Protocol and opted for a non-binding emission reduction target for 2020 under the UN Framework Convention on Climate Change. On 16 August 2013, the Government finally named its 2020 target: a 5% reduction below 1990 levels.
Not only is the 2020 target weaker than the previous conditional pledge of a 10-20% reduction, but it applies only to a single year, leaving unspecified the responsibility for emissions from 2013 through 2019. The Government has not yet explained how the country will meet this target, how it will count surplus units from the previous period, or whether the Treasury will record target compliance as a financial obligation, as was the case under the Kyoto Protocol. Without this information, it is hard to know what the target actually means. Legally, the only check on New Zealand’s performance will be international reporting and the power of public opinion. Time will tell.
According to its media release, the Government believes it has “carefully balanced the cost to New Zealand households and businesses against taking ambitious action to tackle climate change.” Climate Change Minister Tim Groser was quoted separately in the media as saying, “Unless we get a serious international effort, anything we do with the ETS or subsequent to it is a complete waste of time.”
Really?
…