Could NZ’s 2050 Paris Agreement Target Bankrupt the NZ Government?

If you are a NZ citizen, it is possible that all of the tax that you pay for the next 30 years will end up being set aside to buy nearly a billion international carbon credits just to meet our 2050 obligations under the Paris Agreement.

Not only that – but all of the tax you pay for the next 30 years might wind up being insufficient to cover the cost of the international units.

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Why the NZ Government is Virtually Certain to Purchase a Minimum of $1.7 Billion NZD of International Carbon Credits before 2030

The NZ Government’s decision to commit to the ETS and fulfil their obligations under the Paris Agreement will require the purchase of at least $1.7 billion NZD worth of international carbon credits by 2030. But is the Government’s commitment truly inescapable?

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