Why the ETS alone won’t get us to net zero emissions

Why the ETS alone won’t get us to net zero emissions
The ETS is a blunt instrument that won't be enough on its own to meet emissions reduction goals. (Image: Deposit Photos)
Catherine Leining
I was part of the policy team that designed New Zealand’s emissions trading scheme (ETS) in 2007/08.Thirteen years later, I am part of the Climate Change Commission team recommending a new path to net zero emissions by 2050. This path includes the ETS but it is clear that while the ETS has a vital role to play, it cannot do it alone.When conventional markets ignore the climate costs of our choices as producers and consumers, they actively push us in the direction of dangerous climate change. For example, markets currently tell us tha...

More Opinion

Butter’s up, but don't blame the processors
Primary Sector Opinion

Riley Kennedy: Butter’s up, but don't blame the processors

The high price is not the supermarkets’ fault, either.

Lessons from 2024 electricity crisis
Opinion Opinion

Tina Schirr: Lessons from 2024 electricity crisis

In defence of the electricity market after last year's perfect storm.

Tina Schirr 10 Jul 2025
The ID verification arms race: Are we ready?
Opinion

Peter Griffin: The ID verification arms race: Are we ready?

The new technology battleground is all about age. 

Peter Griffin 09 Jul 2025