“…New Zealand has the fifth-highest emissions per head of greenhouse gases among 41 Annex I or developed nations.
We do not sadly – have the fifth-highest per capita gross domestic product –
– not by a long way.
That reflects the fact that ours is an emissions-intensive economy –
– with emissions per dollar of GDP a third as high again as the United States’ –
– and more than twice western European levels.
If that has not changed when the major powers finally get serious about tackling climate change and pricing carbon –
– it will be a serious drag on the country’s international competitiveness..”
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