How insurers will help shape NZ's climate change response

An Insurance Business Magazine article.

Aotearoa has set a target of reducing its net greenhouse emissions by 50% by 2030, and the insurance industry will be watching its efforts closely as it prepares for its own responsibilities in climate-related signalling and disclosure.

Prime Minister Jacinda Ardern and Climate Change Minister James Shaw announced the new emissions goal a day before the 2021 United Nations Climate Change Conference (COP26) began in Glasgow. New Zealand had initially pledged to cut its emissions by 39% by 2030, but Shaw said that at least a 48% reduction on current levels was needed to “stand a chance of limiting global warming to 1.5C.”

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