Climate change

World Bank: NZ carbon prices may need to double

Ian Llewellyn
Fri, 27 May 2022

World Bank: NZ carbon prices may need to double
High carbon prices may bring economic pain, but low prices may increase trade barriers. (Image: Depositphotos)
Ian Llewellyn
Fri, 27 May 2022
A World Bank report suggests New Zealand’s carbon price may have to double if it's to achieve the emissions reductions it's agreed to under the Paris Agreement.The study – State and Trends of Carbon Pricing 2022 – also warns that current carbon prices in NZ are at the bottom end of what is considered by some as reasonable and this in turn may expose exporters to risk from potential carbon border taxes.The World Bank study looks at developments in carbon pricing, including carbon taxes and emissions trading schemes (ETS...

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