{"id":166679,"date":"2025-12-03T21:36:12","date_gmt":"2025-12-03T21:36:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/166679\/"},"modified":"2025-12-03T21:36:12","modified_gmt":"2025-12-03T21:36:12","slug":"impossible-to-meet-paris-agreement-targets-without-buying-offshore-carbon-credits-experts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/166679\/","title":{"rendered":"Impossible to meet Paris Agreement targets without buying offshore carbon credits &#8211; experts"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/11\/4JXDY4C_IMG_1203_jpeg\" width=\"1050\" height=\"700\" alt=\"Simon Watts speaks during an embargoed press conference about proposed local government reforms - 25 November 2025. EMBARGO UNTIL 1700 25\/11\/25\"\/><\/p>\n<p class=\"photo-captioned__information\">\nClimate Change Minister Simon Watts.<br \/>\nPhoto: RNZ\/Mark Papalii\n<\/p>\n<p>It is impossible for New Zealand to meet its climate change commitments with only domestic emissions reductions, analysts say.<\/p>\n<p>One says there will &#8220;always&#8221; be a cost to climate change, no matter how the country chooses to deal with the crisis, and the government needs to <a href=\"https:\/\/www.rnz.co.nz\/news\/political\/580628\/govt-needs-to-buy-carbon-credits-or-come-clean-on-emissions-commitment-opposition\" rel=\"nofollow noopener\" target=\"_blank\">be clear about how it will meet that<\/a>.<\/p>\n<p>Finance Minister Nicola Willis said earlier this week that the government was <a href=\"https:\/\/www.rnz.co.nz\/news\/political\/580609\/a-bit-tired-a-bit-ratty-heated-exchange-between-willis-and-labour-mps-at-parliament\" rel=\"nofollow noopener\" target=\"_blank\">not prepared &#8220;to send cheques for billions of dollars offshore&#8221;<\/a> for carbon credits, in order to meet its 2030 Paris Agreement commitment.<\/p>\n<p>Climate Change Minister Simon Watts said the government was still &#8220;exploring all available options to meet our [2030] commitment&#8221; but that offshore mitigation &#8211; paying to help other countries reduce their emissions &#8211; was not part of the current plan.<\/p>\n<p>Both ministers said the government was instead prioritising reducing New Zealand&#8217;s domestic emissions.<\/p>\n<p>In a written statement Watts told RNZ the entire target could be met domestically due to a coming &#8220;renewable energy boom&#8221; and &#8220;increasing confidence&#8221; in agricultural technology.<\/p>\n<p>&#8220;We believe it is possible &#8230; but acknowledge it will be challenging.&#8221;<\/p>\n<p><a href=\"https:\/\/environment.govt.nz\/what-government-is-doing\/areas-of-work\/climate-change\/emissions-reductions\/emissions-reduction-targets\/new-zealands-projected-greenhouse-gas-emissions-to-2050\/#wem-and-wam-scenarios\" rel=\"nofollow noopener\" target=\"_blank\">Existing data<\/a> shows that New Zealand will currently fall short of the 2030 target &#8211; to halve net emissions from 2005 levels &#8211; by 84 million tonnes (Mt) of greenhouse gases.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/4JXC10T_251126_Willis_OCR_2_jpg\" width=\"1050\" height=\"700\" alt=\"Nicola Willis\"\/><\/p>\n<p class=\"photo-captioned__information\">\nFinance Minister Nicola Willis said the government was not prepared &#8220;to send cheques for billions of dollars offshore&#8221; for carbon credits.<br \/>\nPhoto: RNZ \/ Samuel Rillstone\n<\/p>\n<p>In a scenario where there was &#8220;much higher uptake&#8221; of methane-inhibiting agricultural technology, the Ministry for Environment still projects a 66Mt gap.<\/p>\n<p>Compass Climate independent analyst Christina Hood said recent policy changes would worsen that gap, not close it.<\/p>\n<p>&#8220;The various decisions that the current government has made has actually put us on a higher emissions track than we would have otherwise been.&#8221;<\/p>\n<p>Modelling from the Climate Change Commission had recommended a more ambitious &#8216;net-negative&#8217; 2050 target &#8211; since rejected by the government.<\/p>\n<p>&#8220;If you did that, the scenario that would get you towards those targets would have us reducing emissions quicker.&#8221;<\/p>\n<p>Even that would still not get the country all the way to the first Paris target in 2030, she said.<\/p>\n<p>&#8220;There would be about a 50 million tonne, I think 49 million tonne gap left rather than the current 84.&#8221;<\/p>\n<p>The government could not simply lean on an even faster adoption of agricultural technology than was projected, Hood said.<\/p>\n<p>&#8220;There&#8217;s no credible scenario that suggests that can happen.<\/p>\n<p>&#8220;If they thought that, why are they weakening our methane targets, rather than strengthening them?&#8221;<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/4K68QAM_Waiuku6_jpg\" width=\"1050\" height=\"787\" alt=\"Agrivoltaics is the practice of solar systems that run alongside agriculture\"\/><\/p>\n<p class=\"photo-captioned__information\">\nA cow rests under solar panels in Waiuku.<br \/>\nPhoto: Gianina Schwanecke \/ Country Life\n<\/p>\n<p>Nigel Brunel, the managing director of commodities broker Marex, said the <a href=\"https:\/\/www.rnz.co.nz\/news\/country\/580730\/emissions-trading-scheme-year-s-final-auction-fails-to-sell-a-single-carbon-unit\" rel=\"nofollow noopener\" target=\"_blank\">tanking carbon price<\/a> was a reflection of what the market saw as &#8220;back-tracking&#8221; by the government on climate policies.<\/p>\n<p>He also thought it highly unlikely the target could be met only with domestic action.<\/p>\n<p>If that was the government&#8217;s intention, though, &#8220;it should be coming out with saying what it&#8217;s going to do&#8221;.<\/p>\n<p>&#8220;It&#8217;s not just about saying there&#8217;s a whole lot of wind farms and solar farms coming. Sure, that&#8217;s going to take care of some electricity generation. What about transport? And what about agriculture, which are a big part of our emissions? What does it intend to do about that? It needs to be much clearer.&#8221;<\/p>\n<p>There would be a cost to climate change regardless of whether money was sent offshore.<\/p>\n<p>&#8220;Science is pretty clear about climate change,&#8221; he said.<\/p>\n<p>&#8220;The damage has been done and continues to be done. Stopping that, doing something about that&#8217;s not going to be free, but inaction or doing nothing, many papers out there prove that&#8217;s going to cost us more in the long run than actually doing something.&#8221;<\/p>\n<p>He added: &#8220;There&#8217;s no free lunch here.&#8221;<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/4KOP7R2_20240612_133146_jpg\" width=\"1050\" height=\"787\" alt=\"Sheep are used as a tool for managing the vegetation growing between the solar panels at Lodestone's Kohir\u0101 Solar Farm\"\/><\/p>\n<p class=\"photo-captioned__information\">\nSheep are used as a tool for managing the vegetation growing between the solar panels at Lodestone&#8217;s Kohir\u0101 Solar Farm<br \/>\nPhoto: RNZ\/Sally Round\n<\/p>\n<p>Offshore mitigation &#8216;not a failure&#8217;<\/p>\n<p>The 2030 target was set by the Labour-led government in 2021.<\/p>\n<p>It built on an earlier commitment made by the previous National-led government in 2015 when New Zealand signed up to the Paris Agreement.<\/p>\n<p>Both commitments were made with the understanding that at least part of the target would need to be met by paying other countries to reduce their emissions.<\/p>\n<p>Talking about writing billion-dollar cheques was &#8220;a really poor framing&#8221; of offshore mitigation, which contributed to a global goal, Brunel said.<\/p>\n<p>&#8220;That&#8217;s what the heart of the Paris Agreement is about &#8211; helping developing countries decarbonise.<\/p>\n<p>&#8220;Those carbon savings that they make domestically, we can use to help meet our [target]. The atmosphere doesn&#8217;t care where the savings of carbon come from, whether it&#8217;s in Vietnam, Chile, or New Zealand.&#8221;<\/p>\n<p>Hood agreed.<\/p>\n<p>&#8220;Using international cooperation as part of meeting the target, as part of delivering our share, doesn&#8217;t represent a failure to meet our target. It&#8217;s part of meeting the target.&#8221;<\/p>\n<p>New Zealand has entered into several high-level cooperation agreements with other countries about potential offshore mitigation.<\/p>\n<p>However, successive governments have not put aside any money to pay for it, and no detailed agreements about how it would happen have ever been signed.<\/p>\n<p>There was blame across the political spectrum on that score, Hood said.<\/p>\n<p>&#8220;Successive governments should have been putting much more concrete plans in place for how they were going to deliver it.&#8221;<\/p>\n<p><a href=\"https:\/\/radionz.us6.list-manage.com\/subscribe?u=211a938dcf3e634ba2427dde9&amp;id=b3d362e693\" rel=\"nofollow noopener\" target=\"_blank\">Sign up for Ng\u0101 Pitopito K\u014drero<\/a>, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"Climate Change Minister Simon Watts. Photo: RNZ\/Mark Papalii It is impossible for New Zealand to meet its climate&hellip;\n","protected":false},"author":2,"featured_media":157683,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[48,47,273,111,43,139,69,49,46,44,45,147],"class_list":{"0":"post-166679","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-audio","9":"tag-current-affairs","10":"tag-environment","11":"tag-new-zealand","12":"tag-news","13":"tag-newzealand","14":"tag-nz","15":"tag-podcasts","16":"tag-public-radio","17":"tag-radio-new-zealand","18":"tag-rnz","19":"tag-science"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/166679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=166679"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/166679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/157683"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=166679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=166679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=166679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}