New Zealand may miss 2035 emission target


New Zealand's carbon dioxide emissions in the five years to 2035 are expected to be 7% higher than targeted unless changes are made. — Reuters

WELLINGTON: New Zealand could miss its 2035 emissions reduction target, despite being on track to meet climate-change goals for 2022 to 2030, a discussion document on the plan released shows.

Its carbon dioxide emissions in the five years to 2035 are expected to be 7% higher than targeted unless changes are made, according to a discussion document on New Zealand’s second emissions reduction plan released by the Environment Ministry yesterday.

The forecast failure to meet the target is in part due to the centre-right government’s removal of a number of its centre-left predecessor’s climate policies and fewer trees being planted commercially, the document said.

Another factor cited was the decision by the private owners of New Zealand’s aluminium smelter to keep it operating, which has an outsized impact given the country has little heavy industry. — Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Mytech executive chairman launches mandatory takeover offer at 30 sen
Foxconn to invest US$510mil in Kaohsiung headquarters in Taiwan
E&O unveils Andaman Gurney Bridge, a new gateway to Andaman Island
MPay signs agreement for mobile wallet and prepaid card issuance
China's yuan hits fresh 14-month high despite PBOC's caution about rapid gains
Gold clings to 7-week high as investors gauge Fed trajectory; silver near record peak
Yinson’s 3Q net profit rises 19.5%, declares 1 sen dividend
Capital A, Standard Chartered Malaysia in tie-up to explore ringgit-denominated stablecoin
Early signs of stabilisation in FMCG sales
Manufacturing sales up 6.3% in October to RM171.7bil

Others Also Read