Dr Michael John Schmidt: Who Is Copping It?

According to Stuff, the “NZ climate change minister celebrates COP29 carbon market deal”.(1) I don’t see why: it is a calamity and the coalition should be ashamed.

New Zealand already pays NZD 235 million annually to the COP (Conference of Parties) and will continue to do so until 2026. With COP29, contributions from ‘rich’ countries are set to triple, rising from USD 100 billion to USD 300 billion annually.(1) This means higher costs for countries like New Zealand while benefiting nations such as China and India.