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Is the emissions trading scheme enough? Video 6/7

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Published on Oct 4, 2017

Summary haiku: Enforce the limit / encourage policy change / emissions will fall.

Video 6/7 The reality is that New Zealand's Emissions Trading System needs to be placed within a larger portfolio of policies. More info at http://motu.nz/our-work/environment-a...

If the limit on emissions in the ETS is enforced, emissions will go down. However, we also need other policies that will make it easier for producers and consumers to respond effectively to price signals; otherwise the price for emission units could get very high. Emission reduction policies are also needed for sectors outside of the ETS, like biological emissions from agriculture. Emission pricing is an important part, but not the only part, of an effective strategy for reducing emissions in New Zealand.

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