BusinessNZ says clear policies and actions and a political bipartisan approach will be needed to meet the ambitious targets contained in new zero carbon legislation.
The Climate Change Response (Zero Carbon) Amendment Bill establishes a net zero target for long-lived gases such as carbon and nitrous oxide and a target for cutting agricultural methane emissions by up to 47 percent, by 2050.
BusinessNZ Chief Executive Kirk Hope said 2018’s consultation exercise showed there is wide public support for a 2050 zero carbon target.
“What we need now is a plan of action to deliver on these ambitious targets,” Mr Hope said.
“New Zealand is already facing a 2030 target that needs policies and actions in place to be achieved. The work required to clarify actions needed for both the 2030 and 2050 targets should be a priority.
“Business is keen to engage with the Government and Climate Change Commission on the workplan for both.
“We need to implement changes that don’t get ahead of our trade competitors and ensure our exporters remain internationally competitive, while effectively transitioning to a zero-carbon economy.
“The next step needs to be a bipartisan approach by the main political parties in shepherding this Bill through to becoming legislation. A unified, shared approach by our political leaders will allow the legislation to deliver clear, long-term signals to businesses and consumers.”