Better ways for countries to collaborate on carbon credits

New Zealanders are among international researchers who have presented a new model for small groups of countries to work together to reduce their greenhouse gas emissions.

Unlike previous ways of buying carbon credits, the researchers say Climate Action Teams will only reward emissions reductions beyond already ambitious national commitments.

In their policy brief, the researchers look at a hypothetical team among New Zealand, Switzerland, and Chile, finding that Chile could provide enough emissions mitigation to support NZ and Switzerland to meet their emissions reduction commitments at a lower cost than NZ and Switzerland’s domestic action alone.

A media release from Motu Economic and Public Policy Research Trust says: Continue reading