Reforming Industrial Allocation

September 2021

Straterra supports the international imperative to reduce carbon dioxide emissions and New Zealand’s obligations under the 2015 Paris Agreement. Our key concern is that, in reducing our emissions, it is a loss for New Zealand, and for global emissions, if our policies simply result in those emissions shifting overseas (carbon leakage). Integral to this issue, we seek to maintain the international competitiveness of affected sectors of our economy. In this regard we note the large disparity between the New Zealand and global carbon prices.