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Emissions pricing and congestion pricing have a lot in common. The economics of both are straightforward. Read more
The biggest risk to New Zealand’s Emissions Trading Scheme isn’t technical issues in how the scheme is run or in its accounting. The biggest risk instead is politics. Read more
Clean air is certainly the flavour of the month in Europe judging from the skyrocketing price of carbon. Since April last year, emissions units on the EU’s Emissions Trading Scheme (“ETS”) have nearly quadrupled from €15 to above €56 (NZ$95) this week. Read more
What is it about climate change that turns august institutions into the intellectual equals of quivering jellyfish? Last week, Germany's highest court upheld a constitutional complaint against the Federal Government on climate change. Read more
It is easy to dismiss critics of the Climate Change Commission’s plan to reduce emissions as opposed to any action at all. Too easy. Read more
One year ago, in a desperate rush, the government launched the wage subsidy scheme. It had to be done in a hurry; every other option was worse. Read more
It is hard to know where to begin, there is so much wrong with the Government’s housing package presented on Tuesday. I leave it to my colleague David Law to explain why the measures introduced will hurt housing affordability and supply. Read more
The Climate Change Commission has made no convincing case for its sweeping economic reforms to reduce emissions, says Matt Burgess, Senior Economist at The New Zealand Initiative. Analysis by the Climate Change Commission shows current policies, including the Emissions Trading Scheme (“ETS”), will deliver New Zealand’s emissions targets. Read more
Matt Burgess and Oliver Hartwich sit down to discuss Oliver's recent Newsroom column on what we can learn from the European ETS experience, and how it relates to some of the finer points in the Climate Change Commission's draft emissions report.
The New Zealand Initiative · Matt Burgess and Oliver Hartwich discuss emissions policy Read more
As New Zealand discusses the recommendations of the Climate Change Commission, I get a sense of déjà vu. We are now talking about industry-specific regulations, bans on certain technologies (such as petrol and diesel cars) and subsidies for others (such as electric vehicles). Read more