New Zealand

New Zealand’s Nationally Determined Contribution is to reduce greenhouse gas emissions by 30% below 2005 levels by 2030. This is the Cabinet paper which supported Ministers’ final decisions on New Zealand’s Intended Nationally Determined Contribution.

New Zealand’s Seventh National Communication under the United Nations Framework Convention on Climate Change and the Kyoto Protocol includes current domestic policies and projected emissions out to 2030. For reference, here is a snapshot of New Zealand’s Greenhouse Gas Inventory 1990–2016.

New Zealand has had an Emissions Trading System (ETS) since 2008.  Motu Economic and Public Policy Research offer many resources for understanding this system.  Until 2015, New Zealand’s ETS was linked to Kyoto markets.  This led to a crash in emission prices.  The ETS has since transitioned to a domestic-only market.  The New Zealand government is actively exploring alternative ways to fund international mitigation as part of its strategy to meet the nation’s Paris commitments.

The New Zealand government and some New Zealand companies are observers of the Climate Teams initiative.