Face of the Day

> The prime minister has doubled down on his insistence that the government will not spend billions of dollars offshore to meet New Zealand’s climate commitments. > > Treasury estimates it could cost up to $5 billion to pay for the overseas carbon credits New Zealand needs to honour its Paris Agreement commitments. > > An additional $1.6 billion may also be needed to pay for credits to meet a subsequent commitment, due by 2035. > > The government was “gonna do everything we can” to honour the country’s Paris Agreement pledge to halve emissions by 2030, Christopher Luxon said. > > “But just reassuring everybody, we ain’t shutting down farms and we certainly aren’t sending billions of dollars offshore.” > > RNZ Read More