<description>&lt;p&gt;&lt;span&gt;A looming financial issue is being highlighted as the country works towards its next emissions budget.&lt;/span&gt;&lt;/p&gt; &lt;p&gt;&lt;span&gt;The Climate Commission is recommending greenhouse gas is limited by 134-million tonnes between 2036 and 2040.&lt;/span&gt; &lt;/p&gt; &lt;p&gt;&lt;span&gt;But Victoria University Adjunct Professor Adrian Macey told Mike Hosking that there's still a massive issue if we are going to meet our Paris pledge. &lt;/span&gt; &lt;/p&gt; &lt;p&gt;&lt;span&gt;He says a government between now and 2030 is going to have to find about $20-25 billion to buy carbon credits.&lt;/span&gt; &lt;/p&gt; &lt;p&gt;&lt;span&gt;Macey doesn't see any government being able to feasibly do this.&lt;/span&gt; &lt;/p&gt; &lt;p&gt;&lt;strong&gt;&lt;span&gt;LISTEN ABOVE&lt;/span&gt;&lt;/strong&gt; &lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

Early Edition on Newstalk ZB

Newstalk ZB

Adrian Macey: Victoria University Adjunct Professor on the financial challenge with NZ's climate change targets

APR 8, 20244 MIN
Early Edition on Newstalk ZB

Adrian Macey: Victoria University Adjunct Professor on the financial challenge with NZ's climate change targets

APR 8, 20244 MIN

Description

A looming financial issue is being highlighted as the country works towards its next emissions budget.

The Climate Commission is recommending greenhouse gas is limited by 134-million tonnes between 2036 and 2040. 

But Victoria University Adjunct Professor Adrian Macey told Mike Hosking that there's still a massive issue if we are going to meet our Paris pledge.  

He says a government between now and 2030 is going to have to find about $20-25 billion to buy carbon credits. 

Macey doesn't see any government being able to feasibly do this. 

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.