Showing posts with label Christopher Luxon. Show all posts
Showing posts with label Christopher Luxon. Show all posts

Monday, August 5, 2024

New Zealand under Christopher Luxon will reverse a ban on oil and gas exploration, push the pricing of agricultural emissions back five years, and encourage more mining

 The agricultural sector including fishing contributes 5% to the economy, and accounts for about 80% of total exports. The farmers who helped Luxon's government come to power had said the environmental policies that the coalition government are reversing would have made dairy and meat too costly to produce. ... 

Climate Minister Simon Watts said the government expects to meet the 2030 target but admitted more work was needed to meet the 2035 target. "The Government is committed to meeting our climate change targets, but the way in which we do this will be different to former New Zealand Governments," he said. "This Government is using a least-cost approach to meet our climate targets. We will not shut down sectors that are boosting our economy and exports." ...

Other sectors the government is targeting are energy and mineral resources. It has said it would allow oil and gas exploration again, which former Prime Minister Jacinda Ardern banned in 2018, in a bid to reduce imports of coal, boost fuel exports and keep energy prices for the public and small businesses low.

Reuters