About New Zealand's 2020 net position
Information on New Zealand’s net position which is used for tracking progress towards our unconditional 2020 emissions reduction target.
The 2020 net position tracked progress towards New Zealand’s unconditional 2020 emissions reduction target (2020 target). New Zealand has met this target.
It took into account New Zealand’s historic emissions and removals from 2013 to 2020, and units held by the Government that could be used to meet this target.
See the Latest update on New Zealand’s 2020 net position
For information on the target see New Zealand’s 2020 target
The 2020 net position is no longer a reporting requirement under the Public Finance Act (1982). This is because New Zealand chose to take its 2020 target under the United Nations Framework Convention on Climate Change and not under the Kyoto Protocol, as it did for the 2008 to 2012 first commitment period (CP1). This means the 2020 target imposes no fiscal asset or liability on the Crown.
While no longer a domestic reporting requirement, the Ministry continued to produce a 2020 net position report to provide information on New Zealand’s progress towards the 2020 target. New Zealand continued to apply the Kyoto Protocol framework of rules in tracking progress towards the target.
New Zealand is now in the 2021 to 2030 period. The net position report has been replaced by a target progress report to keep track of our 2030 international target.
See Latest update on Aotearoa New Zealand’s progress towards our 2030 international target.