Climate change is a super-wicked problem. With a growing sense of urgency to act on climate change, it is vital we strike a balance between encouraging action and limiting pushback.
Traditional market transactions ignore the costs of greenhouse gas emissions. An emissions trading scheme is a tool to put a price on emissions and to influence us to choose lower-emission options.
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.