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	<title>Climate budget hole &#8211; Evening Report</title>
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		<title>NZ election 2023: Bryce Edwards: The most hollow campaign in living memory</title>
		<link>https://eveningreport.nz/2023/09/25/nz-election-2023-bryce-edwards-the-most-hollow-campaign-in-living-memory/</link>
		
		<dc:creator><![CDATA[Asia Pacific Report]]></dc:creator>
		<pubDate>Mon, 25 Sep 2023 00:17:56 +0000</pubDate>
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		<guid isPermaLink="false">https://eveningreport.nz/2023/09/25/nz-election-2023-bryce-edwards-the-most-hollow-campaign-in-living-memory/</guid>

					<description><![CDATA[The 2023 general election campaign must be the most hollow in living memory. There really isn’t much that is positive or attractive about the electoral options on offer. This is an election without inspiration. There is a definite gloominess among the public right now — with a perception that not only is the country broken ]]></description>
										<content:encoded><![CDATA[<p>The <a href="https://asiapacificreport.nz/?s=NZ+election+2023" rel="nofollow">2023 general election campaign</a> must be the most hollow in living memory. There really isn’t much that is positive or attractive about the electoral options on offer. This is an election without inspiration.</p>
<p>There is a definite gloominess among the public right now — with a perception that not only is the country broken in many ways, but the political system is too.</p>
<p>We see this most strongly in surveys that ask if the country is on the right track or not.</p>
<figure id="attachment_32591" class="wp-caption" aria-describedby="caption-attachment-32591">
<figure class="wp-caption alignright"><a href="https://eveningreport.nz/wp-content/uploads/2020/03/Bryce-Edwards.png"><img decoding="async" loading="lazy" class="moz-reader-block-img" src="https://eveningreport.nz/wp-content/uploads/2020/03/Bryce-Edwards.png" alt="Dr Bryce Edwards" width="299" height="202"/></a><figcaption class="wp-caption-text">Political scientist Dr Bryce Edwards. Image: Evening Report</figcaption></figure>
</figure>
<p>Generally, New Zealand has flipped in a few short years from having about two-thirds of the public saying the country is headed in the right direction, to now having two-thirds saying we’re going the wrong way.</p>
<p>Journalists and politicians report that out on the campaign trail they are discovering that the public is angrier than ever.</p>
<p>Mark Blackham reported last week that “MPs are encountering angry people — a general anger about the state of affairs and paucity of political choices.”</p>
<p><em>Stuff</em> journalist Julie Jacobson summed up the political mood in the weekend as “Disillusioned, demoralised, disenchanted, disgruntled”. And she argues this has only increased during the campaign: “What was a low hum has become a sustained grumble.”</p>
<p><strong>‘Out of love’</strong><br />Jacobson reports that across the political spectrum people are “out of love with what’s currently on offer.”</p>
<p>Certainly, much of what the politicians are offering is extremely grim. For example, both Labour and National are promising to slash billions of dollars from public services.</p>
<p>This promised austerity drive reflects a reality that the government’s books are empty, with no room for additional new spending. Hence Prime Minister Chris Hipkins has openly said that this election can’t be one for big spending policies.</p>
<p>Hipkins has gone from promising “bread and butter” reforms to, as leftwing political commentator Chris Trotter points out, being committed “to less butter and thinner bread for at least the next three years.”</p>
<p>Trotter says, in general, there’s not much for the public to positively vote for, and instead people will vote negatively – choosing whoever they regard as the best of a bad bunch.</p>
<p>Hence, “This is not going to be a happy election.”</p>
<p>For traditional leftwing voters, Labour’s austerity programme is a major disappointment, as it goes hand in hand with opposition to any real tax reform that might collect more revenue for public services and infrastructure.</p>
<p><strong>Strong suspicion</strong><br />Likewise, on the right, there is a strong suspicion that National’s tax cuts are simply unaffordable. The policy is being called out by the likes of rightwing political commentator Matthew Hooton as being unprincipled and incompetent, and by the Taxpayers Union as foolhardy.</p>
<p>There is also growing scepticism that some of the bigger policy promises are electoral bribes that can’t be delivered. Hooton says that a “cynical electorate” sees many of these policies as empty promises — especially because voters have got used to being lied to or misled by politicians who don’t deliver their promises once in power.</p>
<p>He suggests that voters are right to be cynical because New Zealand has had “15 years of people hearing promises from politicians which are platitudes on the face of it and they haven’t even been delivered to that extent”.</p>
<p>Similarly, <em>Stuff</em> journalist Andrea Vance argued in the weekend that “Voters know when they are being used”, suggesting that the “bribes” being offered don’t compute for voters. Vance says politicians are promising to slash “public services and spending — in the name of savings and efficiencies — when they are already stretched and degraded.”</p>
<p>Voters shouldn’t have confidence, she suggests, that the next government will be able to meet the existing needs of public services, let alone start fixing the severe deficits in infrastructure and services. Fundamentally there is a credibility gap between politician promises to cut spending but to properly maintain all “front-line” services.</p>
<p><strong>Politicians aren’t up to challenge<br /></strong> Voters are aware that we’re in something of a “polycrisis”, and the status quo is unsustainable.</p>
<p>Political pollster Peter Stahel wrote last week that there is “an unmistakable mood for change” based on a “strong undercurrent of dissatisfaction, driven by personal financial hardships and an uncertain economic outlook”.</p>
<p>His company’s polling show “only 29 percent of voters say the current options for prime minister appeal, with nearly half (46 percent) saying they don’t.”</p>
<p>There’s a cost of living crisis, failing public health and education systems, a housing crisis, a climate crisis — the list goes on. As Newstalk’s Mike Hosking says, “There is no shortage of serious, worryingly serious, issues to discuss this campaign”, but the politicians are largely missing in action.</p>
<p>Because the politicians haven’t risen to the challenge, the contrast between what is desperately needed and what is on offer has never been so great. The public is right to be disenchanted — parties are mostly just offering sniping and petty criticisms of their opponents.</p>
<p>As political commentator Josie Pagani has put it, “This is an election of parties wrestling on the ground, when we crave a new Jerusalem.”</p>
<p>Pagani says “We have gone from ‘Hope and Change’ to ‘Perhaps Just a Biscuit’.” Whereas in previous elections, parties ran on a programme of grand causes, this time around, issues like child poverty and the housing crisis are being ignored by politicians.</p>
<p>Former Labour leader David Cunliffe appears to agree — he went on <em>Breakfast TV</em> on Thursday to say that “voters are grumpy. They don’t think that either party is really hitting the nail on the head in terms of what’s worrying them.”</p>
<p>Similarly, business commentator Bruce Cotterill wrote in the <em>Herald</em> last week that the campaign has been highly disappointing so far because it’s more about attack ads and petty sniping than about illuminating the big issues and the policies that the parties have for fixing them.</p>
<p>He laments the lack of debate about the crises in the health and education systems, and says problems like housing waiting lists and child poverty have been virtually ignored.</p>
<p>Hooton also says this avoidance of the big issues is a tragedy, especially since we are now in what he argues is the worst economic crisis in decades.</p>
<p><strong>An uninspiring election campaign<br /></strong> In lieu of being focused on the things that matter, the politicians are becoming more aggressive, threatening to turn this year’s campaign into the most negative in living memory.</p>
<p>Press gallery journalist Glenn McConnell reports that as we go into the last month of the campaign its “becoming more feral”. He says the politicians are largely to blame: “Nobody is running a wholesome forward-looking, solutions focused campaign. They are frothing to attack, attack, attack.”</p>
<p>The lacklustre nature of the parties is reflected in their campaign slogans according to Jacinda Ardern’s former chief of staff Mike Munro. He says none of them are original, because “every variation of wording around concepts like change, hope, aspiration, unity and the future have been previously used on party billboards”.</p>
<p>And he argues that the parties are incredibly risk-adverse this election, being determined to stage-manage every element of the campaign and the candidates, reducing any chance of life in the election.</p>
<p>Is this therefore the most uninspiring election ever? Writing on Sunday, journalist Andrea Vance asks: “Has there been a duller election campaign in recent memory?” She labels it “the election of The Great Uninterested” because people seem to be turning away in boredom or disgust.</p>
<p>Vance says: “It’s not just that voters are bored. They’ve stopped listening.”</p>
<p>Political commentator and former Cabinet Minister Peter Dunne is also amazed at the lacklustre performances of the politicians so far – especially Hipkins and Luxon who are in the fight for their political careers.</p>
<p>He says, given the big issues at stake, “Neither Hipkins nor Luxon has so far shown sufficient passion or boldness to convince New Zealanders they have what it takes to be an effective prime minister in the difficult years ahead.”</p>
<p><strong>Election fatigue and low voter turnout<br /></strong> Do you wish the election was over already? You are probably in good company. This year there is no apparent enthusiasm for the campaign. You’ll notice that there aren’t many pictures or videos of politicians being swamped on the campaign trail, signing autographs or having mass selfies with fans — as occurred in recent elections.</p>
<p>Young people, in particular, seem unimpressed this time around. According to political scientist Richard Shaw, the students he teaches are losing faith in the New Zealand political system.</p>
<p>He says that they are part of a growing cohort who are now “over” politics. Shaw is also picking that voter turnout is going to be low this election.</p>
<p>So, could the most popular choice at the coming election be “none of the above”? Certainly, the number of eligible voters who choose not to vote in the upcoming election could surpass a million, effectively making it the most popular option in 2023.</p>
<p>Voter turnout has generally been trending down in recent decades, and it hit a low of only 69.6 percent at the 2011 election. That low turnout was generally because none of the parties were offering much that was inspiring, and no one expected the result to be close. Hence, one third of the electorate turned away in that election in disgust, apathy, or whatever.</p>
<p>The fact that the politicians and debate have become more aggressive and divisive puts people off. Other commentators are also now picking a decline too.</p>
<p>David Cunliffe says: “Expect a record low turnout, and expect a record low vote share for Labour and National combined, and the highest ever share for the [minor] parties on both sides of politics.”</p>
<p>Leftwing columnist Verity Johnson has also written recently about the political despair among the public, predicting an extremely low voter turnout: “I’ve lost count of the people I’ve spoken to this week (smart, articulate and historically politically engaged people) who aren’t planning on voting in October. What’s the point, they shrug, there’s no one to vote for.”</p>
<p>Johnson says that the rising fury in New Zealand society is very tangible: “if you go into the suburbs and listen closely, you can hear an ominous hiss of fury rising up like a gas leak.”</p>
<p>She suggests that this disenchantment is rational, and that there’s now little hope that politics can fix the problems of New Zealand: “Whatever happens on October 14, it feels like there’s just gonna be another 3 years of muddling, myopic, middle management politics where we have our head up our ass and our ecosystem on fire.”</p>
<p><strong>Is politics in New Zealand broken?<br /></strong> Given the declining trust and participation in politics and the electoral process, this might signal that something is wrong in New Zealand’s democracy.</p>
<p>Of course, this is a problem all over the world at the moment, with rising dissatisfaction and a sense that elites and vested interests dominate. There is a huge mood of change everywhere.</p>
<p>Chris Trotter says that most politicians haven’t caught up with the new Zeitgeist. He reports on a new book exploring the decline of politics, written by former British Tory Cabinet Minister Rory Stewart, which reflects on how the political system has hollowed out.</p>
<p>Here’s the key quote that Trotter cites from the book, suggesting it could well come from a minister in the current New Zealand government: “I had discovered how grotesquely unqualified so many of us, including myself, were for the offices we were given… It was a culture that prized campaigning over careful governing, opinion polls over detailed policy debates, announcements over implementation.”</p>
<p>Similarly, writing about how dire the current election campaign is, Matthew Hooton says New Zealand’s political system is effectively broken because the parties simply aren’t serious vehicles for political change anymore.</p>
<p>He argues that they have been captured by careerists, consultants and lobbyists seeking power: “That is, they are not concerned with achieving power to make anything better. They are focussed merely on achieving office, to enjoy the status and perks.</p>
<p>“This is why they feel no need to do real work between elections, before which they release pseudo-policies, written the night before, often by external lobbyists or consultants, that they can’t and won’t deliver — and which they don’t care whether or not are delivered anyway.”</p>
<p><em>Dr Bryce Edwards is a political scientist and an independent analyst with <a href="https://democracyproject.nz/" rel="nofollow">The Democracy Project</a>. He writes a regular column titled Political Roundup in <a href="https://eveningreport.nz/author/bryce-edwards/">Evening Report</a>.</em></p>
<p>Article by <a href="https://www.asiapacificreport.nz/" target="_blank" rel="nofollow noopener">AsiaPacificReport.nz</a></p>
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		<title>NZ election 2023: Both Labour and National face multimillion dollar ‘climate hole’</title>
		<link>https://eveningreport.nz/2023/09/22/nz-election-2023-both-labour-and-national-face-multimillion-dollar-climate-hole/</link>
		
		<dc:creator><![CDATA[Asia Pacific Report]]></dc:creator>
		<pubDate>Fri, 22 Sep 2023 05:18:07 +0000</pubDate>
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		<guid isPermaLink="false">https://eveningreport.nz/2023/09/22/nz-election-2023-both-labour-and-national-face-multimillion-dollar-climate-hole/</guid>

					<description><![CDATA[By Eloise Gibson, RNZ climate change correspondent While attention is focused on economists finding a $500 million-a-year hole in National’s tax plans, a similar-sized hole in climate costings is hiding in plain sight — and it applies to Labour, too. National appears to have the bigger gap, however. The gulf was highlighted in the Pre-election ]]></description>
										<content:encoded><![CDATA[<p><em>By <a href="https://www.rnz.co.nz/authors/eloise-gibson" rel="nofollow">Eloise Gibson</a>, RNZ climate change correspondent</em></p>
<p>While attention is focused on economists finding a <a href="https://www.rnz.co.nz/news/political/497995/election-23-nicola-willis-hits-back-over-economists-doubts-on-national-foreign-buyers-tax-numbers" rel="nofollow">$500 million-a-year hole in National’s tax plans</a>, a similar-sized hole in climate costings is hiding in plain sight — and it applies to Labour, too.</p>
<p>National appears to have the bigger gap, however.</p>
<p>The gulf was highlighted in <a href="https://www.rnz.co.nz/news/political/497824/election-2023-pre-election-economic-and-fiscal-update-release-government-books-in-better-shape-than-expected" rel="nofollow">the Pre-election Economic and Fiscal Update (PREFU)</a> — Treasury’s official word on the state of the government’s books — which explicitly excluded the cost of <a href="https://www.rnz.co.nz/news/national/498397/new-zealand-not-alone-in-failing-to-meet-climate-challenge-un" rel="nofollow">meeting New Zealand’s international climate target under the Paris Agreement</a>.</p>
<p>Asked how they would pay this week, politicians gave unclear answers. But the obligation was still very real.</p>
<p>Both Labour and National have said they are committed to meeting the country’s international climate target, known as an NDC (Nationally Determined Contributions).</p>
<p>Under the Paris Agreement, which covers almost every nation on the planet, New Zealand has promised to cut emissions by 41 percent off 2005 levels by 2030. Exporters and carbon market experts say failing to meet that pledge could jeopardise international trade — nevermind the fact that following the Paris Agreement is humanity’s best hope for avoiding more expensive and deadly heating.</p>
<p>New Zealand plans to meet its target in two ways. First, it will do as much as it can inside the country by meeting a set of “emissions budgets”.</p>
<p><strong>No way to meet target</strong><br />But when the Climate Change Commission <a href="https://www.rnz.co.nz/news/political/488729/climate-change-commission-urges-new-targets-without-forestry-in-new-report" rel="nofollow">ran the numbers</a>, it concluded there was no way to meet the whole target with action at home. Because New Zealand started slow at tackling emissions, cutting transport, industry, farming and electricity emissions that quickly would cause too much economic pain, it concluded.</p>
<figure class="wp-caption alignnone"><img decoding="async" loading="lazy" src="https://media.rnztools.nz/rnz/image/upload/s--c3KbC3jR--/ar_16:10,c_fill,f_auto,g_auto,q_auto,w_1050/v1694481216/4L2SRJK_MicrosoftTeams_image_8_png" alt="PREFU briefing at Parliament" width="1050" height="700"/><figcaption class="wp-caption-text">The Pre-election Economic and Fiscal Update (PREFU) ignored the cost of meeting New Zealand’s Paris Agreement obligations. Image: RNZ/Angus Dreaver</figcaption></figure>
<p>So there is also a second part to the target: buying carbon credits from overseas. Typically, economists assume this is cheaper than making cuts in emissions at home, though it depends on the project.</p>
<p>While no purchases will be made until after the election, the kinds of things that could qualify include retiring coal boilers in developing countries, or planting forests.</p>
<p>This is where the gap in the books comes in. Treasury had previously put the cost of buying these credits from overseas — and an estimated 100 million tonnes of them will be needed, at last count — at between $3.3 billion and more than $23 billion between now and 2030.</p>
<p>Even at the lower end of projections, it could work out at around $500 million a year.</p>
<p>Whichever way the government decides to do it, PREFU said the costs would be “significant” and will start biting “within the current fiscal forecast period”.</p>
<p>As things stand, according to Climate Change Minister James Shaw, one or possibly two rounds of purchases could be made in the next four years, with a third and final “washup” at the end of the decade.</p>
<p><strong>Election may change timing</strong><br />The election could change the timing, but whoever is in government will be expected to start showing progress towards meeting their Paris target well before the end of the decade, said carbon market expert Christina Hood from Compass Climate.</p>
<div class="photo-captioned photo-captioned-half photo-right four_col">
<figure class="wp-caption alignnone"><img decoding="async" loading="lazy" src="https://media.rnztools.nz/rnz/image/upload/s--H-UGH5ax--/ar_16:10,c_fill,f_auto,g_auto,q_auto,w_576/v1694692560/4L2OFDD_ASB_Great_Debate_2023_6_jpg" alt="James Shaw at the ASB Great Debate in Queenstown" width="576" height="384"/><figcaption class="wp-caption-text">Green Party’s James Shaw . . . one or possibly two rounds of purchases could be made in the next four years. Image: RNZ/Samuel Rillstone</figcaption></figure>
</div>
<p>“There’s this common misconception that whoever the finance minister is in 2032 is going to have to get their chequebook out and square up by however much we missed by. It doesn’t work that way at all.</p>
<p>“Every emission (saving) we count has to actually occur during those years (before 2030), so we need to get on with funding that.”</p>
<p>Yet despite starting to fall due within the next four years, the costs did not appear as a liability on the government’s books. Nor do the major parties seem to be clear on how much to budget for them.</p>
<p><strong>Bold claims, few details<br /></strong> This week, neither National nor Labour answered clearly how much they had planned to set aside for these costs nor how they intended to pay them. They instead focused their answers on wanting to cut planet-heating emissions more deeply inside New Zealand’s borders.</p>
<p>At times, politicians seemed to confuse domestic emissions budgets with the $3 billion-plus added cost of buying offsets to meet the Paris target, or they made heroic statements about how much they could do onshore, without supplying the figures behind them.</p>
<p>A quick reminder: the 100-odd million tonnes in overseas offsets that it was estimated we would need were on top of meeting New Zealand’s domestic emissions budgets, not instead of it. Only a truly incredible effort could meet the entire amount inside the country, requiring deep and fast climate action on a scale neither party has hinted at.</p>
<p>Currently, New Zealand is not even on track to meet its domestic emissions budgets, as Climate Change Commission chief executive Jo Hendy told a business and climate conference in Auckland this week.</p>
<p>“Latest projections show we are not on track in every single sector, so we are going to have to do more,” she said. “We are particularly reliant on pushing the dial in transport and in process heat.”</p>
<p>Yet when RNZ asked about the $3 billion-plus cost on the campaign trail, politicians appeared to be planning to overperform on those budgets, sometimes by impressive amounts. Their answers suggested they may not need to worry too much about that $3 billion-plus.</p>
<p>Here’s what Labour leader Chris Hipkins said, when asked if he had costed for meeting Paris: “We still have a way to go before we have to make a final decision on how best to meet our commitments there. We’re on track to meet our first emissions budget.</p>
<p><strong>Working harder</strong><br />“We’ve still got the second and third emissions reduction budgets to go. If we don’t meet our targets there is a period of time when we can figure out how best to remedy that, and that includes working harder in the second period to compensate for that.</p>
<p>“But we’re confident that with the stuff we’ve got in place at the moment, we’re on track to meet our first target.”</p>
<p>Hipkins did not address paying for offshore credits, which were required even if the country met all three domestic budgets. As prime minister, he rolled back a biofuel policy and, like National, has focused his transport promises mainly on building new roads rather than a strong shift to lower-emissions modes.</p>
<p>He has also promised help for home insulation and solar, but it was not clear if his new promises compensated for the cuts.</p>
<div class="photo-captioned photo-captioned-half photo-right four_col">
<figure class="wp-caption alignnone"><img decoding="async" loading="lazy" src="https://media.rnztools.nz/rnz/image/upload/s--vuSRI7hY--/ar_16:10,c_fill,f_auto,g_auto,q_auto,w_576/v1643813780/4M9MSE7_image_crop_123594" alt="Climate Change Commission chair Rod Carr and chief executive Jo Hendy as they deliver advice to the Climate Change Minister." width="576" height="324"/><figcaption class="wp-caption-text">Climate Change Commission chair Rod Carr and chief executive Jo Hendy . . . currently, New Zealand is not even on track to meet its domestic emissions budgets. Image: Twitter/Climate Change Commission/RNZ News</figcaption></figure>
</div>
<p>Asked the same question, National leader Christopher Luxon took aim at the government for undermining the Emission Trading Scheme (ETS), saying the scheme should do more of the “heavy lifting”.</p>
<p>He, too, skirted the question of paying for offsets.</p>
<p>For context, the ETS made polluters pay for around half the country’s domestic climate pollution (the other half was from agriculture) and was already factored into projections of needing 100 million-odd tonnes of extra ‘top up’ help from overseas.</p>
<p>The scheme could do more, particularly if carbon prices went higher (taking petrol prices with them), or if farming was included, or if there were no limits on planting land in cheap pine trees, but Luxon did not detail how National would navigate these kinds of changes.</p>
<p><strong>Cutting domestic emissions</strong><br />Meanwhile, other party spokespeople talked-up cutting domestic emissions.</p>
<p>Labour environment spokesperson David Parker told the conference in Auckland he wanted to look at claims that native afforestation could meet the entire Paris target (without overseas help).</p>
<div class="photo-captioned photo-captioned-full photo-cntr eight_col">
<figure class="wp-caption alignnone"><img decoding="async" loading="lazy" src="https://media.rnztools.nz/rnz/image/upload/s--zaFOicMs--/ar_16:10,c_fill,f_auto,g_auto,q_auto,w_1050/v1687231576/4L74ECH_Caucs_230620_12_jpg" alt="Simon Watts" width="1050" height="700"/><figcaption class="wp-caption-text">National’s Simon Watts . . . National believes it could meet 70-75 percent of the 2030 target inside these shores. Photo: RNZ/Samuel Rillstone</figcaption></figure>
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<p>National’s climate spokesperson Simon Watts told the same gathering — the annual Climate Change and Business Conference — that National believed it could meet 70-75 percent of the 2030 target inside these shores, a figure considerably higher than previous estimates by the Climate Change Commission.</p>
<p>Watts did not supply details on how that would be achieved, though he discussed lightening regulation on wind and solar energy.</p>
<p>His party has said it would scrap Labour’s Clean Car Discount and major grants to companies to switch off coal boilers, and it would also delay pricing farming emissions a further five years, until 2030. There were questions about how it would meet even the current domestic emissions budgets.</p>
<p><strong>The cost of waiting<br /></strong> Hood had a spot of good news on the cost front. She told RNZ that based on recent purchases by Switzerland, the cost of overseas carbon offsets was likely to be towards the lower end of Treasury’s range.</p>
<p>Even if the government winded up buying 100 million tonnes of savings offshore, that was still only around half the quantity the John Key-led government expected it might have to stump up for when it made its first Paris Agreement pledge, despite the first pledge being weaker on climate than the current one, she noted.</p>
<p>But getting offsets at the lower end of the cost range relies on the government getting moving on lining them up and buying them, she says.</p>
<p>Shaw told RNZ that environmental integrity would be a bottom line after New Zealand was burned for buying valueless “hot air” credits from Russia and Ukraine in the early years of carbon trading.</p>
<p>As well as Switzerland, Singapore and others had already started striking deals to buy the offsets they needed.</p>
<p>While the New Zealand Government has been scoping out prospective sellers overseas, it has refused to reveal who it is talking to, citing commercial sensitivity.</p>
<p>The ministries for Foreign Affairs and the Environment were working on advice to Cabinet on how to make these purchases and ensure the carbon saved was real. But that advice will not land until after the election.</p>
<p><strong>Most expensive time to buy</strong><br />One thing is clear. 2030 will be the most expensive time to buy, Hood said, because many countries will be panic-buying from overseas projects to meet their missed domestic commitments. Shaw agreed.</p>
<p>“A whole bunch of countries will be going, ‘Oh crap, I’ve missed my target,’ and scrambling around trying to find ways to fill the gap.”</p>
<p>Shaw wanted Paris costs to go into PREFU, making it clear to the government that any money spent on domestic action on climate change was also a cost saving in terms of buying fewer offshore credits.</p>
<p>“This is one of the things that worries me about what some of the other parties are saying, is that they aren’t really accounting for [Paris] in their fiscal plans.”</p>
<p>Shaw called the huge variance in Treasury ‘s $3 billion-23 billion estimate “unhelpful”.</p>
<p>“It’s such a wide variance it’s hard to trust it. At the moment… people are putting their fingers in their ears and saying ‘lalalala”.”</p>
<p>But asked how much the Green Party had costed for meeting New Zealand’s offshore climate commitments, Shaw would not be drawn on naming a more accurate number.</p>
<p><strong>Treasury estimate best</strong><br />“The best estimate I’ve got is the Treasury estimate. The Ministry for the Environment and MFAT (Ministry for Foreign Affairs and Trade) are doing a lot of work on this at the moment, but they’re not going to have a report back until just before Christmas. If I was to give you a number I would be pulling it out of thin air.”</p>
<p>As for how to pay for it, Shaw said ETS proceeds from polluters could do a lot of it.</p>
<p>“In a good year that’s a billion dollars, so if there’s seven years for us to do that it’s $7 billion.”</p>
<p>But Shaw also acknowledged there were a lot of other calls on that money — including for adapting to climate change, paying for domestic carbon savings, and helping low-income families weather the costs of higher emissions prices, which boost fuel and electricity costs.</p>
<p>National has said it would use ETS proceeds to <a href="https://www.rnz.co.nz/news/political/496899/greens-act-cry-foul-over-national-s-climate-dividend" rel="nofollow">help fund its tax cuts</a>, meaning it will need to pay for the Paris target (both the offshore and onshore parts) some other way.</p>
<p><em>This article is republished under a community partnership agreement with RNZ.</em></p>
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<p>Article by <a href="https://www.asiapacificreport.nz/" target="_blank" rel="nofollow noopener">AsiaPacificReport.nz</a></p>
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