I have criticised this government’s climate policy in the past for being big on promise but short on concrete policies. But this financial disclosure policy has some real teeth.
A new report suggests New Zealand should rethink climate policy and use forests to offset only agricultural emissions, which make up half of the country's total emissions, and not carbon dioxide.
New Zealand could become the first country to put a price on greenhouse gas emissions from agriculture.
New Zealand has set itself a goal of becoming carbon neutral by 2050, and a recent report by the Productivity Commission lays out how it could hit that target.