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  1. This is both your fault.

    Both National and Labour signed NZ up to much steeper targets than they ever expected New Zealand would be able to meet inside this country.

    New Zealand has known it needed to buy a substantial number of offshore offsets since 2015.

    Key’s Cabinet was advised the country could expect to pay around $3.7 billion for overseas offsets by 2030, based on a price of $50 a tonne.

    Back then, Cabinet originally envisioned meeting 70 percent of the 2030 target using offsets from overseas and just 30 percent domestically.

    Under Jacinda (in 2020) the Labour-led government came under pressure to increase Key’s 2030 target – again, knowing that the new target would not be possible to meet domestically.

    https://www.rnz.co.nz/news/national/523539/significant-risk-delaying-climate-deals-could-cost-five-times-more-simon-watts-told

    Idiots.

    Via overcommitting our ability on the international stage, you have both cost us a fortune.

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