Total expenditure on meeting NZ climate target
Barry Brill made this Official Information request to The Treasury
The request was successful.
From: Barry Brill
Dear The Treasury,
The Treasury paper dated 7/10/21 calculated $2.56 billion as the annual cost of offshore carbon credits required to meet New Zealand's emissions reduction target of 41% by 2030.
However, the paper stated that: “These costs would be in addition to costs associated with domestic mitigation, international climate finance, supporting a just transition, and costs to government related to adaptation, meaning that the overall climate transition costs are likely to be much larger.”
The Treasury will have had to budget for these four additional cost categories. Please advise your best estimates for average annual expenditure (until F2030) on:
– domestic mitigation through ETS
– non-ETS mitigation
– supporting a just transition
– climate adaptation
– international climate finance (including climate AID)
Please also provide your best estimates of the annual economic cost of compliance with climate policy regulation (ie non-government expenditure).
Yours faithfully,
Barry Brill
I will provide eligibility information directly
From: Jean McDowall [TSY]
The Treasury
Good morning
Please find an attached reply to your OIA request. Please note that this
response has been signed out via an electronic process, rather than a
physical signature.
Ngâ mihi
Jean McDowall
Jean McDowall | Senior Ministerial Advisor| Te Tai Ôhanga – The Treasury
Email/IM: [1][email address]
Visit us online at [2]https://treasury.govt.nz/ and follow us on
[3]Twitter, [4]LinkedIn and [5]Instagram
I work Tuesday to Friday (inclusive)
[IN-CONFIDENCE]
CONFIDENTIALITY NOTICE
The information in this email is confidential to the Treasury, intended
only for the addressee(s), and may also be legally privileged. If you are
not an intended addressee:
a. please immediately delete this email and notify the Treasury by return
email or telephone (64 4 472 2733);
b. any use, dissemination or copying of this email is strictly prohibited
and may be unlawful.
References
Visible links
1. mailto:[email address]
2. https://treasury.govt.nz/
3. http://www.twitter.com/nztreasury
4. https://www.linkedin.com/company/576138/
5. https://www.instagram.com/nztreasury/
From: Ministerial Services Inbox [TSY]
The Treasury
[UNCLASSIFIED]
Dear Barry,
Please find attached a response to your Official Information Act request.
Kind regards,
Nat
Nat Deys | Ministerial Advisor | Te Tai Ôhanga – The Treasury
Visit us online at [1]https://treasury.govt.nz/ and follow us on
[2]Twitter, [3]LinkedIn and [4]Instagram
Link: [5]File-List
Link: [6]Edit-Time-Data
Link: [7]themeData
Link: [8]colorSchemeMapping
--------------------------------------------------------------------------
CONFIDENTIALITY NOTICE
The information in this email is confidential to the Treasury, intended
only for the addressee(s), and may also be legally privileged. If you are
not an intended addressee:
a. please immediately delete this email and notify the Treasury by return
email or telephone (64 4 472 2733);
b. any use, dissemination or copying of this email is strictly prohibited
and may be unlawful.
References
Visible links
1. https://treasury.govt.nz/
2. http://www.twitter.com/nztreasury
3. https://www.linkedin.com/company/576138/
4. https://www.instagram.com/nztreasury/
5. file:///tmp/Signature_files/filelist.xml
6. file:///tmp/Signature_files/editdata.mso
7. file:///tmp/Signature_files/themedata.thmx
8. file:///tmp/Signature_files/colorschememapping.xml
hide quoted sections
Things to do with this request
- Add an annotation (to help the requester or others)
- Download a zip file of all correspondence
Offensive? Unsuitable?
Requests for personal information and vexatious requests are not considered valid requests for Official Information (read more).
If you believe this request is not suitable, you can report it for attention by the site administrators
Report this request