Trees and transport electricification key to carbon neutral economy, says Productivity Commission

Thu, 26 Apr 2018

By Pattrick Smellie April 27 (BusinessDesk) - New Zealand can achieve a carbon-neutral economy by 2050, but the price of carbon may need to be as high as $250 a tonne, mass uptake of electric vehicles would be required by 2030, and much of the country's marginal sheep and beef farming country would need to disappear under pine and eucalyptus forest plantings, says the Productivity Commission. Written before the government's announcement that it was ending offshore oil and gas exploration, the 508-page draft report on achieving a low-emiss...

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