Frank assessment of zero carbon costs needed - NZ Steel

Thu, 04 Oct 2018

By Gavin Evans Oct. 5 (BusinessDesk) - The government’s discussion paper on the Zero Carbon Bill failed to communicate the real impact on the economy from meeting the proposed 2050 target, New Zealand Steel says. The $6.7 billion reduction in annual GDP estimated using the most optimistic technology scenario employed by the New Zealand Institute of Economic Research is close to the $7.8 billion the dairy industry contributed to the economy in 2016, the steelmaker says. If lower levels of innovation are achieved – in areas such as fores...

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