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
The Emissions Trading Scheme (ETS) uses prices to lower emissions. The scheme launched in New Zealand in 2008 and it is now one of the best-designed schemes in the world. Read more
Eighteen months ago, the Government announced a curriculum change making it compulsory for all schools to teach “key aspects” of New Zealand history. The Ministry of Education was tasked with creating a new curriculum to “span the full range of New Zealanders’ experiences… with contemporary issues directly linked to major events of the past.” Asking the Ministry of Education to draft a compulsory New Zealand History curriculum for school children was always fraught with risk. 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
Did you hear that LEGO released a minifigure of our PM. It’s big news. 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
After eight weeks of poring over the 847 pages of analysis from the Climate Change Commission, two findings stand out. First, the Commission shows current policies, including the Emissions Trading Scheme (“ETS”), will deliver our 2050 emissions targets. Read more
On Tuesday morning, 23 March 2021, the Government announced a set of housing policies that, among other things would substantially change the tax treatment of interest payments on residential investment properties. The changes to tax policy are substantial. Read more
Tuesday’s announcement of new housing policies from the Government has just made New Zealand a far riskier place to do business, warns a policy paper released today by The New Zealand Initiative. A risky place to do business, written by Dr Eric Crampton and Dr Bryce Wilkinson does not assess the effects of these policies, rather it warns of the consequences of this approach to policy-making. Read more
The government is at it again. They blame everyone but themselves for high and increasing house prices resulting in low housing affordability. Read more
In our submission to the Climate Change Commission on the draft emissions budget, we support the commitments to emissions targets under the Paris agreement and to net zero emissions from 2050. We have two overarching recommendations that we explain in the submission: 1. Read more
Suppose you have an apple orchard. You hire labour to pick and pack your apples. 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
Oliver Hartwich, Eric Crampton, Bryce Wilkinson and David Law discuss the Government's new housing package.
The New Zealand Initiative · The Government's Housing Package 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