The International Energy Agency today warned the ERF and the Safeguard Mechanism don't effectively limit carbon emissions, and cautioned that the National Energy Guarantee won't be a 'silver bullet'.
The Emissions Reduction Fund is well positioned to play an important role in regional carbon markets, according to a submission from the Carbon Market Institute to upcoming UN climate change talks.
A New Zealand Labour government would set a 2050 target of net-zero carbon emissions and gradually bring agriculture into the country's trading scheme, Opposition leader Jacinda Ardern said today.
An advisor to the New Zealand Parliament has recommended that the country adopt a UK-style climate law that includes emissions targets and a requirement to establish carbon budgets.
New Zealand will make changes to its emissions trading scheme to give it a more defined role in meeting national reduction targets and make it easier to link to regimes in other countries.