Last week, the treasury released an estimate that New Zealand may need to pay up to 5 billion dollars in overseas carbon credits to honour its Paris Agreement commitments and make up for a shortfall of 84 million tonnes of emissions.
Just before this estimate was released, the ACT party proposed terms for a new Nationally Determined Contribution towards the Paris Agreement and reiterated that if the current NDC could not be changed to these terms, the country should leave the agreement.
Included in their proposition was the recognition of a split gas approach, which treats methane differently, resetting the emissions reduction plans around more realistic targets and keeping agriculture out of the emissions trading scheme.
Also, last week, energy minister Simeon Brown announced that the government will back down on plans to pay for a Liquified Natural gas import terminal through a levy after public backlash about consumer costs.
The government has said it still wants to go ahead with the facility, but has yet to announce an alternative funding model.
Finally, Labour announced a new election public transport fees cap policy of 20 dollars in Auckland, Christchurch and Wellington and 10 dollars elsewhere last week, and Transport Minister Chris Bishop responded by suggesting the government could instead use funds to increase bus and train services in peak times.
For this week’s catch-up with the ACT Party, host Thomas spoke to MP Simon Court about each of these issues, beginning with discussions over his party’s NDC proposal.