Budget 2021 To Aid NZ’s Goal Of Achieving Zero Carbon Emissions by 2050

Summary

  • The New Zealand Government provides NZ$67.4 million over the next 4 years to support the nation's carbon-neutral programme.
  • Budget 2021 aims to augment the 'electric vehicles first’ policy of the Kiwi Government, thereby pumping in NZ$41.8 million for leasing of low-emissions vehicles.
  • The Kiwi Government is laying emphasis on cleaner and greener energy sources with systematic reduction of 76K tonnes of carbon emissions during the next decade.

New Zealand, Prime Minister, Jacinda Ardern, in her pre-budget speech, emphasised on the country's sustainable transition to a carbon-neutral economy.

Source: Copyright © 2021 Kalkine Media

The Climate Commission is working on how to achieve the above-mentioned target and would submit its report by the month-end. It would pave way for emission-reduction plan across various sectors like energy, transport, financial services, agriculture, and construction.

Read; Climate Risks: CFIs Likely To Submit Report

An Array Of Funds For Reducing Carbon Emissions

Source: Copyright © 2021 Kalkine Media

On 16 May, James Shaw, NZ’s Climate Change Minister, declared NZ$67.4 million for the next 4 years to supplement the Carbon Neutral Government Programme. It comprises a stimulus of NZ$19.5 million to the Decarbonisation Fund and has also set aside NZ$41.8 million for leasing out low-emissions vehicles in public sector.

Read: NZ government takes first step towards its 2050 carbon neutral target

Through this, the Government would include more low-emissions vehicles in its fleet. Also, the nation would witness a steady replacement of coal boilers in its schools and hospitals with cleaner and greener sources of energy. It would help in reducing carbon emissions by 76K tonnes in the next 10 years’ time.

Emphasis On The Use Of Electric Vehicles

Source: Copyright © 2021 Kalkine Media

Moreover, the Government has set aside NZ$13.1 million to fund 422 electric vehicles across

Aotearoa, which covers NZ$5.1 million to purchase 148 vehicles for the Department of Conservation and NZ$1.1 million to buy 40 electric vehicles for Kāinga Ora.

Read: How Volkswagen, Volvo, And Likes Are Moving Towards EVs For A Cleaner Future

Report By Transport Ministry For Zero-Emissions Plan

Recently, Michael Wood NZ’s Minister of Transport released a report with details on future policies and trajectory to achieve a emission-free transport sector.

The Ministry is working on disallowing imports of petrol and diesel cars by 2035 to prevent Kiwiland from turning into a dumping zone for the old cars.

The final Emissions Reduction Plan by the Transport Ministry would be released by the end of this month.

Eco-Friendly Budget

Shaw further stated that the Government had made considerable investments in the previous three budgets for the nation’s low-carbon future encompassing eco-friendly transport alternatives. 

Again, Budget 2021 aims to uplift the work done so far by holistically enhancing Aotearoa’s public sector to cleaner energy, reducing emissions from the transport sector, and upgrading the efficiency of the government buildings, so that future generations get a sustainable and greener environment.

Read: How Does NZ Government Plan To Lessen Carbon Emissions?

The State Sector Decarbonisation Fund has pledged a clean energy boost for 36 schools, 7 universities, and 10 hospitals across the nation.

Comment


Disclaimer