There was an increased push for greater environmental sustainability during the economy’s boom times last decade – until the Global Financial Crisis hit in 2008, that is. Now the New Zealand economy is back in a strong position and we expect to see an increasing amount of investment in environmentally sustainable buildings over the next few years.
Shifting our vehicle fleet to renewable electricity is an obvious and urgent action if the government is to achieve the greenhouse gas (GHG) emissions target it set itself last year in the lead up to the Paris climate conference. A recent report by Concept Consulting confirmed that electric vehicles (EVs) would be a sensible way to reduce our GHG emissions.
Infometrics has recently been involved in estimating the economic impacts on New Zealand of participating in an international agreement to reduce greenhouse gas emissions over the period 2021 to 2030. We looked only at the cost of emissions mitigation to New Zealand, not at the effects (benefits) of avoided climate change. Actions by New Zealand will not affect global warming, but New Zealand may nonetheless wish to set an ambitious emissions reduction target.
It appears we’ve all survived another daylight savings event. We’re all a little bit more tired, but we now get the advantage of having plenty of early evening sun. While many of us do appreciate this, I plan to discuss the economic argument for why we use daylight savings – and what this means for a broad range of other issues that involve government.
In recent years, falling prices for solar panels and risingcapacity for batteries has made solar an increasingly feasible source of energyfor many businesses and households. Here we discuss what has been going on,and what it may mean for broader energy prices and technological changes in thecoming decades.
If you think that the ongoing international negotiations about how to deal with climate change are a waste of time and won’t cost you anything, think again. While not all aspects of the issue are important, some have the potential to hit us hard in the pocket. Others have the potential to deliver economic gains. This article looks at the long term (to 2050) economic implications for New Zealand of three issues: how different greenhouse gases are converted into carbon dioxide equivalents, global participation in international agreements to reduce emissions, and the inclusion of agriculture in international agreements.
With the turmoil in financial markets in recent months it iseasy to forget about longer term issues such as global warming and the cost ofdoing something about it. The Emissions Trading Scheme (ETS) is supposedlymeant to reduce our consumption of carbon-intensive goods, such as energy,steel and concrete by raising the prices of those goods.
As oil prices once again reach levels last seen before the global financial crisis, we are reminded that the long term trend is upwards. Consequently we can expect to see a number of changes in transportation over the coming decades – more fuel efficient vehicles, greater use of public transport, a shift to hybrid or plug-in electric cars, and fuel switching from oil products to biofuels.
The idea of user-pays conservation is untenable to many people. However, access to New Zealand’s conservation estate already includes a level of user-pays. Tourism operators pay concessions to access Department of Conservation (DOC) land, which they recover by charging their customers. Trampers pay for the use of DOC huts and camp sites, although these facilities are often heavily subsidised from the public purse. But the majority of trampers, hunters, mountain bikers, and other eco-tourists or adventure seekers do not pay directly for the use of the conservation estate.
During the last few weeks many interest groups have criticised the Emissions Trading Scheme (ETS) for making us all poorer. There seems, however, to be considerable confusion between New Zealand’s commitment under the Kyoto Protocol and the ETS. It is the former that imposes an economic cost; the latter is a way of meeting that cost.