New Zealand Prime Minister Jacinda Ardern is calling on more businesses to contribute to sustainable development as she reaffirms her country’s commitment to combating climate change during a visit to Australia.
Ms Ardern, who recently signed a free trade agreement with the European Union, said climate change remains “one of the most pressing issues” in Australia and New Zealand as the world continues to recover from the pandemic.
“War and supply chain restrictions are hitting us all,” Ms Ardern said at an ANZ trade office breakfast in Melbourne on Tuesday.
“The same applies to the biggest pre-COVID challenge we face. Climate change remains one of the most pressing issues for both our countries and the world.”
New Zealand’s free trade agreement with the EU allows for sanctions if climate change requirements are not met.
The country is on track to become the first in the world to set prices for agricultural emissions in 2025.
Ms Ardern said both governments must work with business to succeed in the fight against climate change and welcomed Australia’s new zero-emissions target.
“Both of our countries set themselves very ambitious goals. Your new government has reaffirmed its commitment to cut greenhouse gas emissions by 43 percent from 2005 to 2030… and achieve zero emissions by 2050,” she said.
“Our NDC (National Determined Contribution) is set at 50 percent and is in line with our targets for 100 percent renewable electricity generation and carbon neutral public services by 2025.”