Failed ETS Auctions Leave $1.4b Debt Hole
Luxon broke confidence in the carbon market. Now, according to the Greens, New Zealanders are carrying another $1.4 billion in debt to cover the failure.

Luxon broke confidence in the carbon market. Now, according to the Greens, New Zealanders are carrying another $1.4 billion in debt to cover the failure.

The Government is moving to protect Fonterra and major polluters from climate lawsuits just as floods, droughts and climate chaos hammer New Zealand harder than ever.

The Government wants to stop major emitters being sued for climate damage before the election. Lawyers say it’s an attack on accountability, justice and the courts themselves.
TVNZ’s Q+A on Sunday 24 April featured an interview with Climate Change Minister Paula Bennett. Her responses were further evidence that National was increasingly unable (or unwilling) to cope with the growing threat of climate change.