The 2026 Budget commits no funds to meet New Zealand's Paris Agreement emissions targets, despite Treasury warnings that substantial offshore carbon credit purchases would be needed to close the emissions gap, raising concerns over financial, legal, and reputational risks.
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domestic policies fall short of 2030 climate target
Govt 'won't send billions offshore' for carbon credits: PMnew Zealand faces shortfall in domestic emission reductions
Government facing up to $5 billion bill over carbon credits, Treasury revealsSpotted something wrong on this page? Report a correction.