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The surprising vulnerability of New Zealand manufacturing to CO2 emissions pricing: the lessons of an international comparison

Author

Listed:
  • Elisabeth Numan-Parsons

    (Ministry of Economic Development, 33, Bowen Street, Wellington, New Zealand)

  • Kris Iyer

    (Ministry of Economic Development, 33, Bowen Street, Wellington, New Zealand)

  • Matthew Bartleet

    (Ministry of Economic Development, 33, Bowen Street, Wellington, New Zealand)

Abstract

This paper compares the cost impact of emissions pricing in NZ manufacturing with the evidence available for United States, United Kingdom, European Union, Germany, Netherlands and Australia. It is observed that, relative to the comparator economies, a much larger share of NZ GDP is potentially at risk as a result of emissions pricing (even excluding the direct and indirect effects of agriculture). Possible reasons for this unexpected finding include: dissimilarities in industry structure, applicable emission factors for indirect emissions, level of aggregation at which industries are evaluated across countries and concentration of emissions in a small number of firms/industries. The paper identifies manufacturing activities are most emission intensive in NZ and in comparator economies. While some emission intensive activities are common to all examined economies, the food processing cluster is found to be at risk of losing competitiveness only in NZ and Australia.

Suggested Citation

  • Elisabeth Numan-Parsons & Kris Iyer & Matthew Bartleet, 2010. "The surprising vulnerability of New Zealand manufacturing to CO2 emissions pricing: the lessons of an international comparison," Economic Analysis and Policy, Elsevier, vol. 40(3), pages 313-325, December.
    • Handle: RePEc:eee:ecanpo:v:40:y:2010:i:3:p:313-325
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    Cited by:

    1. Xie, Qiwei & Hao, Jingjing & Li, Jingyu & Zheng, Xiaolong, 2022. "Carbon price prediction considering climate change: A text-based framework," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 382-401.

    More about this item

    Keywords

    emissions; emission intensity; maximum value at stake; New Zealand; manufacturing;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • O56 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Oceania

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