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Policy Point: Is climate change a key risk to global financial stability?

At the end of October, governor of the Reserve Bank Adrian Orr boldly asserted in a speech that climate change is “a key risk to global financial stability.” He made the case for urgent “transformation” as an “important, imminent, and personal” issue. Although the Reserve Bank Act does not mention climate change, the RBNZ is responsible for financial stability. Read more

Dr Bryce Wilkinson
Policy Point
2 November, 2020

Media release: No need for wasteful emissions politics

Wellington, 7 October 2020 - If the major political parties were taking climate change seriously, they would rely on the Emissions Trading Scheme (ETS) not add wasteful targets, says The New Zealand Initiative chief economist Dr Eric Crampton. Today, the Labour party unveiled its promise to mandate zero-emission buses by 2025 and to ban some new coal-fired boilers. Read more

Media Release
7 October, 2020

Media release: Government ignores own experts to push 100% renewables

Wellington, 11 September 2020 – The Government’s commitment to 100% renewable electricity by 2030 goes against the advice of its own independent experts, says the New Zealand Initiative. In April 2019, the Government’s Interim Climate Change Committee (ICCC) found the 100% renewables policy will: raise the price of electricity by 14% for households and 39% for industry effectively raise emissions by preventing greater emissions reductions elsewhere hit low-income households hardest, and make blackouts up to 100 times more likely. Read more

Media Release
11 September, 2020

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