Climate change plan delayed until next May

Climate change plan delayed until next May
James Shaw's trip to Glasgow just got more difficult. (Image: BusinessDesk)
Ian Llewellyn
The government is not going to meet the statutory deadline to release an emissions reduction plan by the end of the year and will have to change the law to finish the work by May next year.Under the statute, the government was required to table its response to the Climate Change Commission’s recommended carbon budgets and policies to meet them by December.It had been planning to release a discussion document on parts of the emissions reductions plan, which is the formal response to the commission.Climate change minister James Shaw sa...

More Law & Regulation

Smaller lenders eye prudential requirements in RBNZ review
Finance

Smaller lenders eye prudential requirements in RBNZ review

NBDTA proposed a total capital ratio of 10.5% of risk-weighted assets.

Andy Macdonald 10 Oct 2025
Manuka Doctor trademark appeal dismissed
Law & Regulation

Manuka Doctor trademark appeal dismissed

One judge dissented, saying he would have allowed the appeal.

John Anthony 10 Oct 2025
Smiths City owes creditors $26.8m
Retail

Smiths City owes creditors $26.8m

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...

Staff reporters 09 Oct 2025
Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

Andy Macdonald 09 Oct 2025