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Think globally, act cooperatively: Progressing offshore mitigation for Aotearoa New Zealand

Author

Listed:
  • Catherine Leining

    (Motu Economic and Public Policy Research)

  • Sasha Maher

    (Motu Economic and Public Policy Research)

  • Hannah Kotula

    (Motu Economic and Public Policy Research)

Abstract

Cooperation between countries is key to avoiding the most severe impacts of climate change. Under current policies, the world will face temperatures of 3oC above pre-industrial levels by 2100. Developing countries hold three quarters of the cost-effective mitigation needed in 2030 under 1.5oC pathways, but currently lack the capability to make it happen and historically have contributed least to the problem. If higher- and lower-income countries fail to work together to unlock that mitigation, the world will lock in dangerous climate change. Providing conventional climate finance to lower-income countries is crucial but is not the only option – nor has it been sufficient so far.

Suggested Citation

  • Catherine Leining & Sasha Maher & Hannah Kotula, 2024. "Think globally, act cooperatively: Progressing offshore mitigation for Aotearoa New Zealand," Working Papers 24_54, Motu Economic and Public Policy Research.
    • Handle: RePEc:mtu:wpaper:24_54
    as

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    File URL: https://motu-www.motu.org.nz/wpapers/24_54.pdf
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    More about this item

    Keywords

    Climate change; emissions trading; carbon markets; Paris Agreement; New Zealand; Article 6; cooperation;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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