Welcome to Aotearoa Tomorrow. I’m Arthur Falls. Today we are speaking with Hugh Parsons, an economist at BERL, one of our largest advisory organisations. Hugh’s focused on ecological biodiversity and the Emissions Trading scheme which is the focus of this interview. New Zealand has agreed to reduce its emissions under the Paris climate accord. The ETS is supposed to help with this by putting a price on the emission of greenhouse gasses like carbon dioxide. It also creates a way to pay people to plant trees which sequester carbon in wood. But is it actually working? The answer is complicated.
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