Becoming a low-emissions economy
-Barbara Nebel, thinkstep-nz The Government’s new Emission Reduction Plan (ERP) will move all industries, including manufacturing, to a low-emissions economy over the next three decades. In this article we look at what the ERP means for manufacturers: for the inputs you use (including transport, energy and buildings), the products you make and the waste you create. What is the ERP? Reducing greenhouse gas emissions is one of New Zealand’s biggest challenges. The ERP contains the strategies and policies that will make our Zero Carbon Act 2019 happen. It sets out how we will meet the first of three emissions budgets, for the period 2022 to 2025. To reach our end goal (net-zero emissions by 2050), we need to cap emissions at 72.4 megatonnes of carbon dioxide equivalent greenhouse gases each year over the next three years. Why does this matter, now more than ever? The World Meteorological Organisation believes that there is a 50:50 chance that global temperatures will temporarily reach 1.5°C above pre-industrial levels in at least one of the next five years. This is one of the thresholds we need to avoid under the Paris Agreement. Reducing emissions across your business’ value chain The government has these sources of manufacturing emissions firmly in its sights: transport, energy, buildings, waste. It is also expanding the New Zealand Emissions Trading Scheme (NZ ETS). Emissions from transport Road transport accounts for about 20% of New Zealand’s emissions. It is our fastest-growing source. The ERP sets a goal of significantly reducing transport-related carbon emissions by 2035. Manufacturers should expect a push to decarbonise heavy transport and freight. The government wants to reduce emissions from freight transport by 35% and the emissions intensity of transport fuels (the volume of emissions created per unit of GDP) by 10% by 2035. You will continue be […]