NZ at risk of missing all its climate targets, Climate Change Commission warns…

NZ at risk of missing all its climate targets, Climate Change Commission warns | Stuff.co.nz <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"Climate targets at risk","summary":"New Zealand is at risk of missing all its climate targets, with time running out to meet them. Government choices in the next 12 to 24 months are critical."},{"timeSeconds":18,"label":"Emissions falling, but progress stalled","summary":"Emissions are gradually falling, but progress has stalled in 2024. This was largely due to a dry year, meaning coal was used to generate electricity."},{"timeSeconds":29,"label":"Emissions reduction needs to double","summary":"Emissions reduction needs to more than double over the next few years. EVs and solar are suggested as practical solutions."},{"timeSeconds":40,"label":"Emissions Trading Scheme ineffective","summary":"The Emissions Trading Scheme is not efficiently driving emissions reductions now. This is due to low market confidence, price volatility, and uncertainty."},{"timeSeconds":55,"label":"Cement plant bailout debated","summary":"The $60 million bailout for the Golden Bay Cement plant in Northland is debated. Without government support, it would move to an import-only model."},{"timeSeconds":101,"label":"Government faces difficult decisions","summary":"The government has faced a difficult situation regarding the Golden Bay Cement plant. The Finance Minister stated that a careful and balanced decision is needed."},{"timeSeconds":134,"label":"ETS introduced in 2008","summary":"The Emissions Trading Scheme was introduced in 2008 to reduce greenhouse gas emissions and meet reduction targets. It places a price on emissions from most sectors."},{"timeSeconds":241,"label":"Emissions falling too slowly","summary":"Emissions are falling, but not fast enough to meet targets. Both the second and third emissions budgets are at risk."}]} <!--/mynz:youtube-chapters-->