The government of New Zealand has passed a “zero carbon” legislation that primarily intends to reduce the country’s carbon emissions to zero by 2050.
New Zealand government on 7th November passed a “zero carbon” legislation that primarily intends to reduce the country’s carbon emissions to zero by 2050 and meet its commitment under the Paris climate agreement.
“This is a historic piece of legislation and is the centrepiece for meaningful climate change action in New Zealand”, James Shaw said.
“The Budgets provide the pathway towards the 2050 target, and confidence for New Zealanders that we are moving towards a more climate-resilient future,” the Minister added.
The Zero Carbon Act is a key part of the New Zealand Government’s plan to tackle climate change.
- Strengthening Emissions trading Scheme and inclusion of agriculture in emissions pricing by 2025
- Planting one billion trees by 2028
- Stopped issuing any new permits for Offshore Oil and Gas exploration.
- investing in green Hydrogen, biofuels with the goal of 100% renewable electricity generation by 2035.
- Proposals to make electric and cleaner cars more affordable.
- Record Investments in public transport and walking and cycling Infrastructure.
- Establishment of a $100m Green Investment Fund