Net Zero Transition > Industrial Decarbonisation > New Zealand budget slashes funding for construction of voluntary carbon market

New Zealand budget slashes funding for construction of voluntary carbon market

Published 09:29 on May 22, 2025 / Last updated at 09:29 on May 22, 2025 / / Asia Pacific (Pacific), Net Zero Transition (Industrial Decarbonisation, Transport & Heating Fuels)

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New Zealand released its 2025 national budget Thursday, cutting annual funding for building a domestic voluntary carbon market by 35% while allocating NZ$200 million ($118.6 mln) for natural gas development amid a steep decline in domestic supply in recent years.
New Zealand released its 2025 national budget Thursday, cutting annual funding for building a domestic voluntary carbon market by 35% while allocating NZ$200 million ($118.6 mln) for natural gas development amid a steep decline in domestic supply in recent years.


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