Low-emission investment and ETS reform

Published: 2017

Authors: Catherine Leining, David Fleming, Suzi Kerr

This roundtable is convened by Motu in collaboration with the New Zealand Productivity Commission, the Institute for Governance and Policy Studies at Victoria University of Wellington, and the Environmental Defence Society.

This is the third of four roundtables bringing together diverse experts from New Zealand and overseas to shed new light on particularly thorny questions for New Zealand’s low-emission transition.

Enabling low-emission investment: ETS reform and other tools will begin with a keynote address by Geoffrey Heal, Columbia University (invited to attend via video conference). From there, participants will look at the following thorny questions:

  • Is a price band (price ceiling and price floor) in the NZ ETS going to help your sector achieve a shift towards low-emissions?
  • Of the key changes we need for a low-emission future, which cannot be achieved by an emission price alone, and what else will be required to facilitate good long-term low-emissions investments in the private sector?
  • What is one key change that your sector needs for a low-emission future?
  • How can New Zealand mobilise finance for low-emission transformation?
  • How can the government manage the delivery risks from contracting for international emission reductions?
  • How should government limit use of international emission units by ETS participants?
  • Is ETS linking (one-way or two-way) a realistic prospect for New Zealand? 

Participation in this roundtable is by invitation only and will include experts and decision makers from government, business, research, and civil society organisations. For this roundtable, presentations by keynote speakers and Motu researchers may be made public. Discussions involving panellists and audience members will be held under the spirit of the Chatham House Rule, where participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s) may be revealed. However, individuals may choose to disclose publicly their own participation in the roundtable and contribution to the discussions.


 

What: E-Mission Possible Roundtable: Enabling low-emission investment: ETS reform and other tools

When: 8:15am-12:30pm, 14 February 2018

Where: Lecture theatre RHLT3, Rutherford House, Victoria University, Wellington

RSVP: Using the registration link from your invitation letter. If you have any questions, contact e-mission@confer.co.nz

 


 

Draft Agenda

Session 3A: ETS reform for low-emission investment

8:15 – 8:45 Formal mihi and welcome by the project partners. 

8:45 – 9:15 Keynote address: Geoffrey Heal, Columbia University (by video conference)

9:15 – 9:35 Motu presentation on NZ ETS reform proposal (Catherine Leining)

9:35 – 10:05 Panel response to questions:

  1. Is a price band (price ceiling and price floor) in the NZ ETS going to help your sector achieve a shift towards low-emissions?
  2. Of the key changes we need for a low-emission future, which cannot be achieved by an emission price alone, and what else will be required to facilitate good long-term low-emissions investments in the private sector?
  3. What is one key change that your sector needs for a low-emission future?
  4. How can New Zealand mobilise finance for low-emission transformation?

10:05 – 10:30 Discussion with the audience and panelists

10:30 – 11:00 Morning tea

Session 3B: New Zealand’s international contribution

11:00 – 11:20 Motu presentation on “climate teams” (Suzi Kerr)

11:20 – 11:50 Panel response to questions:

  1. How can the government manage the delivery risks from contracting for international emission reductions?
  2. How should government limit use of international emission units by ETS participants?
  3. Is ETS linking (one-way or two-way) a realistic prospect for New Zealand?

11:50 – 12:15 Discussion with the audience and panelists

12:15 – 12:30 Closing remarks: Key points and questions to carry forward to future roundtables

Funders

Aotearoa Foundation, Ministry for the Environment, Productivity Commission of New Zealand