1. © The Treasury Climate Change: Challenges for New Zealand in an Economic and Wider Context

2. © The Treasury Kyoto liability – CP1 “likely scenario” Source: the Treasury and the Ministry for the Environment Projected emissions 398.5 Mt Assigned Amount Units (AAUs)- 307.6 Mt Emission to be covered= 90.9 Mt Deforestation emissions+ 21.0Mt Removals via forests- 78.2 Mt Balance= 33.7 Mt AAUs allocated to projects+ 7.5 Mt Balance= 41.2 Mt Current liability (US$9.65/tonne)NZ$537million

3. © The Treasury Per capita emissions Source: World Resource Institute (WRI) T CO 2 -e

4. © The Treasury Emissions profiles Source: UNFCCC 2005 Annex 1 GHG Inventories Energy Agriculture Industrial processes Waste New ZealandCanadaUnited Kingdom

5. © The Treasury Energy Agriculture Industrial processes Waste New ZealandCanadaUnited Kingdom LULUCF (forestry) Emissions profiles Source: UNFCCC 2005 Annex 1 GHG Inventories

6. © The Treasury Energy Agriculture Industrial processes Waste New ZealandCanadaUnited Kingdom Renewable Non-renewable Emissions profiles Source: UNFCCC 2005 Annex 1 GHG Inventories