NZ's self-imposed carbon emissions reductions targets could cost $30b over the next eight years because of our heavy reliance on international markets.
Over the next nine years, NZ faces spending $30 billion on international carbon credits, not a cent of which will reduce a kilogram of carbon at home.
The agriculture minister has declined a request for formal climate change and environmental-impact reports on dairy capital restructuring.
NZ has already had some experience of what is happening in European energy markets, just on a much, much smaller scale and with less-catastrophic impacts.