Three main policies and measures have been announced:①The percentage of the GHG emissions reduction from transport fuel imposed will be set at the same time as the five yearly emissions budget required under the Climate Change Response Act 2020. The mandate would apply to all transport fuels, including domestic aviation fuels. Fuel suppliers will also have to prepare annual reports to demonstrate compliance. There will be penalties for non-compliance, although there is some flexibility for fuel suppliers, including the ability to trade emissions reductions with each other.②50 million NZD will also be used to help councils fully decarbonise the public transport bus fleet by 2035.③Clean Car Import Standard: in 2022 an import standard will settle 105 grams of CO2/km taget by 2025, being phased in through annual targets that get progressively lower to give importers time to adjust. The Import Standard is expected to prevent 3 million tonnes of emissions by 2040. View Details >