Economic Incentives For Environmental Protection In New Zealand

Let us first understand what do we mean by economic incentives for environment protection.

We all know that we are directly affected by the natural world around us but we still tend to ignore the protection of our environment and to make us responsible for it cleanliness, government introduces some charges or fines under various acts which will be charged on being callous with the environment.

When it comes to cleaning our own home we are very much serious about it but we tend to throw all the garbage outside home on road and empty spaces around us. We avoid the fact that indirectly we are polluting our own environment and we are the only one going to face the aftermath of that. We do not value what comes in free & tend to take the nature for granted.

We tend to misuse the road, trees and gardens all that are not charged for. So economists insist to apply some charges so that we respect our environment and do not destroy or pollute the same. These charges are known as economic incentives. So basically economic policy makers argue for economic incentives so that we change the way we produce and consume the economic goods.

Now talking about New Zealand whose economy is entirely based on natural environment, be it agriculture or forestry.

Be it electricity generation or tourism, the environmental resources are affected. Though New Zealand have low population and also low in industries still lots of environment issues were there in New Zealand such as improving the efficiency of energy, more sustainable usage of water, reducing waste, managing resources of marine. All of these are very essential to manage for managing quality of life and creating wealth and also to increase sustainability of environment.

Economic Incentives For Environmental Protection In New Zealand

Below are some economic incentives measures introduced in New Zealand.

1. New Zealand Emission Trading Scheme (ETS):

ETS was introduced in 2008 which is to reduce emissions.

2. Resource Management Act:

This Act was introduced in 1991 and is the first act towards sustainable management of economic resources. After this act permission for use of air, water, soil and land resources need to be obtained from district council with the intention behind is the participation of general public in decision making.

3. Bio security Act:

This act was introduced in 1993 after the resource management act. Resource management act do not regulate the complete interactions between the environment and the economy. To protect agriculture and forestry industries and also pest management industries this act came into force.

4. Carbon Neutrality:

Prime Minister Helen Clark in 2007 committed that any operation of central government will not contribute carbon in atmosphere. Six ministries and departments went carbon neutral by 2012. Each of them has posted a carbon emissions inventory for emission reduction.

5. Carbon Zero:

This programme is run by Landcare Research , a crown research institute. The central government ministries have to purchase carbon credit in accredited New Zealand schemes to offset the emission of Carbon. 20 Organisations and events were certified by Carbon Zero by 2007.

6. Organic Food Sector:

Organic Farming also grew in New Zealand which leads to reduce the usage of chemicals in farming. According to 2007 report Organic Apple export is accounted to 14% contribution from New Zealand.

After the enforcement of above discussed Act in early 2000 many companies accepted that they can make more money by being green and so many businesses has driven the concerns for climate change and environment sustainability.

After all the efforts and different acts toward economic incentives New Zealand started promoting the tourism as “Green Country”.

After the year 2000 new Zealand is being promoted internationally as “Green Country”, “100% Pure” and “Forever Young” .

Pierre Kingston is author of the article, he also writes for Eleventy traveller blog.