20 steps New Zealand has taken towards addressing climate change
20 steps New Zealand has taken towards addressing climate change The Climate Change Response (Zero Carbon) Amendment Act 2019 was passed, which sets a target of net zero emissions of greenhouse gases by 2050. The Emissions Trading Scheme (ETS) was strengthened in 2019, with the introduction of a cap on emissions and a price floor for carbon. The government launched the Billion Trees Programme, with a target of planting one billion trees by 2028. A ban on new offshore oil and gas exploration permits was announced in 2018, with existing permits allowed to continue until their expiry. The government launched the Green Investment Fund in 2019, with $100 million in funding to support low-carbon initiatives. In 2020, the government announced a $1.3 billion investment in public transport infrastructure, including rail upgrades and new electric buses. The government launched the Climate Change Adaptation Fund in 2020, with $12 million in funding to support communities and businesses to