NZ Treasury says offshore climate mitigation could cost $5 billion; Luxon rules out sending money overseas
By
Jamie Ensor
20d ago· 1 min readenNews
Summary
The New Zealand Government faces a potential $5 billion cost if it uses offshore mitigation to meet upcoming climate targets. However, Prime Minister Christopher Luxon has stated he will not send billions of taxpayer dollars overseas to achieve these goals. The Treasury acknowledged in the recent Budget that domestic action alone may be insufficient to meet the target, creating a tension between climate obligations and fiscal policy.
Source
bskyNZ Treasury says offshore climate mitigation could cost $5 billion; Luxon rules out sending money overseasnzherald.co.nzKey quotes
· 3 pulledThe Government could face a bill of up to $5 billion if it decided to use offshore mitigation to meet an upcoming climate target
Prime Minister Christopher Luxon says he's not sending billions of taxpayer dollars overseas
The Treasury acknowledged 'domestic action alone may'
But Christopher Luxon is pledging not to send billions overseas.
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