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“The idea of sending billions overseas is not palatable to anybody in New Zealand.”
When pressed by host Corin Dann the minister said the government would meet the 2030 target but would not say how it planned to meet the shortfall without buying the billions of dollars in credits envisaged by the target, saying people would need to wait for the coalition’s next Paris Agreement target in February.
https://www.rnz.co.nz/news/political/535745/government-won-t-buy-overseas-carbon-credits-to-meet-targets-todd-mcclay-says
The OECD has highlighted New Zealand’s electricity market as a problem for productivity.
I say the problem far extends that.
Prices are high and expected to increase. Thus, more inflationary pressure.
Keeping pressure on household spending and placing more cost on businesses. Thus, further economic slowdown.
Increases pressure on the health system as people can’t afford to keep heating and cooling on.
Deters investment.
Adds to the cost of exports
Adds to growing inequality.
The OECD is recommending a market solution (splitting gentailers to boost competition) when the market is the problem.
Productivity? I say ‘Make love – Not War’! Increase productivity – follow Ricardo and specialise in what you are good at!
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