Dawn Chorus: Climate credits liability up to $24b

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Dawn Chorus: Climate credits liability up to $24b

Treasury/Ministry for the Environment report estimates NZ may have to buy between $3 billion and $24 billion of climate credits offshore, depending on carbon price and scale of reductions failure

Apr 10, 2023

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A joint **Treasury/Ministry for the Environment** report has estimated the potential fiscal costs of having to buy offshore climate credits if we miss our Paris agreement targets. File Photo: Lynn Grieveson / The Kākā

TL;DR: A report by Treasury and the Ministry for the Environment has estimated the Crown may have to buy between $3 billion and $24 billion of…

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