These are “responsibility” targets rather than domestic targets.

I.e they are not targets that we can necessarily achieve (and by the governments own admission we will not achieve them)

We can purchase credits on the international carbon market to make up the shortfall.

I have asked for some ballpark figures on what this shortfall might be. I presume a lot depends on whether we sign our lives away at some future “Copenhagen” type summit.

http://www.mfe.govt.nz/publications/climate/nz-fifth-national-communication/page2.html

Without ETS, emissions are forecast to increase from around 78000Gg CO2 to around 85,000Gg CO2,

With ETS, emissions are forecast to stay roughly constant at the 2010 levels until 2020

This, of course, falls somewhat outside the range of a 10% target reduction of emissions by 2020. The 2050 target of 50% reduction looks like a pipe-dream at this stage.

As to the question of how much the percentage of global emissions will be in 2020, we can safely assume that it will be less than 2010 figures as the developing world is rapidly increasing emissions levels. e.g China adds an amount equivalent to a whole NZ’s worth of emissions every 3 or 4 weeks or so.

Anybody?

“Global Warming Advocacy Science: a Cross Examination”

http://www.probeinternational.org/UPennCross.pdf

Quote from above:

Given, however, that the most significant ghg emission reduction policies are
intended to completely alter the basic fuel sources upon which industrial economies and
societies are based, with the costs uncertain but potentially in the many trillions of
dollars, one would suppose that before such policies are undertaken, it would be
worthwhile to verify that the climate establishment’s view really does reflect an unbiased
and objective assessment of the current state of climate science.

I think you’ll battle to find anyone who disagrees that Gallipoli was an unmitigated disaster. The ANZAC troops were marched unwittingly into a fiasco because they blindingly trusted the Allied commanders at the time. They were prepared to “do their fair share” based on very little analysis. They paid for it with their blood, and the end result was: nothing. Absolutely nothing was achieved; they eventually had to pull out, leaving the best of their generation dead on the beaches.

Much like the ETS, really.

NZs annual net CO2 emissions are around 50 million tonnes

The South African Medusi coal station that has just been granted funding by the world bank will emit 25 million tonnes per annum.

http://www.guardian.co.uk/business/2010/apr/09/world-bank-criticised-over-power-station

In other words, this one power station will emit 50% of NZ’s entire CO2 emissions in the same time period.

Plus we have China, who are committed to building a new coal fired power station every week until 2020.

If this is our Gallipoli, then the war is already lost.