Better ways to do climate policy

Better ways to do climate policy
Our high proportion of renewable electricity should be something to celebrate. (Image: NZME)
Adrian Macey and Dave Frame
New Zealand has announced to the world a climate target, two-thirds of which will have to be met by a very large quantity of carbon credits from unknown sources on a non-existent market at highly uncertain prices. This makes NZ an outlier among our trading partners and is likely to prove fiscally as well as environmentally unsustainable.There are better ways to do climate policy. Here is just one option that avoids the flawed assumptions and confused reasoning of official policy. The starting point is to do as nearly all other co...

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