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As New Zealand joins with other countries to achieve net zero greenhouse gas (GHG) emissions, it will come under increasing pressure from changing economic opportunities, potentially disruptive new technologies, natural resource constraints, and evolving social and political drivers.
This article investigates the impact of side-payments to countries that have a low net benefit from participating in efficient climate cooperation in a repeated games framework with investment in different technologies.
This working paper, which evolved under Motu’s ETS Dialogue process from 2016 to 2018, explores key considerations for ETS cap setting and proposes the design for a cap on units auctioned and freely allocated in the NZ ETS.
This working paper, which evolved under Motu’s ETS Dialogue process from 2016 to 2018, explores key considerations for emission price management in the context of a specific working model for unit supply in the NZ ETS.