Figure:Fact file on New Zealand’s response to climate change
Figure 7(b): Fact file on New Zealand’s response to climate change
New Zealand pledged to cut greenhouse gas emissions by 30% below 2005 levels by 2030 and aims to reach net zero carbon emissions by 2050. Methods include increasing renewable energy use, producing all electricity from renewables, improving energy efficiency, using an emissions trading scheme (ETS), setting emission reduction goals, limiting total allowable emissions and reducing them periodically. Emitters pay per unit of carbon emission; carbon emissions are traded in units; net carbon absorption, such as forestry, can gain credits that can be sold to emitters.