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What is the real cost of a switch to biofuels?

The shift to use more biofuels is forecast to raise petrol prices and knock up to $1b off NZ's economic growth within four years, but not making a move could also carry big, uncalculated costs.

What is the real cost of a switch to biofuels?

By Phil Pennington of RNZ  The shift to use more biofuels is forecast to raise petrol and diesel prices and knock up to $1 billion off New Zealand's econom

Transformational and lasting change across society

Transformational and lasting change across society Newsroom 31/01/2021 © Provided by Newsroom Analysis: The Climate Change Commission has called for transformational and lasting change across society and the economy to respond to the climate crisis. Marc Daalder reports In an historic, landmark report, the Climate Change Commission finds New Zealand will miss its emissions reduction targets if it doesn t engage in strong and decisive action now and recommends ambitious limits on the amount of greenhouse gases the country should be allowed to release over the next 15 years. The Commission s draft advice to the Government includes three emissions budgets covering five-year periods to 2035, recommendations on how to meet these budgets and a finding that New Zealand s target under the Paris Agreement is aligned with an approach - that if adopted by all nations - carries major risks in the ability to limit global warming to 1.5°C .

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