By David Hall and Robert McLachlan
There is strong agreement among economists that emissions pricing should play a central role in climate change policy. New Zealand has had a price on some carbon emissions through its Emissions Trading Scheme since 2010, although (COVID excepting) emissions have not yet fallen. Recently the scheme has been strengthened through higher prices, now NZ$65 per tonne of CO2, and a falling cap on emissions. It remains a central plank in our climate change response.
This is a companion discussion topic for the original entry at https://sciblogs.co.nz/planetary-ecology/2021/11/16/why-emissions-pricing-cannot-do-it-alone/