Table 7: Macroeconomic Results
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| BAU |
Scenario 5 ETS $25/tonne. No free allocation. 50 Mt International allowance |
Scenario 10 As in 5 with fixed factor prices, endogenous real exchange rate |
Scenario 11 As in 5 with fixed factor prices and fixed real exchange rate |
|
|---|---|---|---|---|
Emission units required to be purchased off shore (p.a) |
57.0Mt |
54.5Mt |
55.1Mt |
|
Private Consumption |
-0.7% |
-3.4% |
-4.7% |
|
Exports |
0.1% |
-2.7% |
-0.6% |
|
Imports |
-0.8% |
-2.5% |
-3.4% |
|
GDP |
-0.0% |
-2.9% |
-2.5% |
|
GDP in world prices |
-0.4% |
-1.6% |
-2.5% |
|
Real wage rate |
-0.7% |
0.0%* |
0.0%* |
|
Mean household tax rate |
-2.3% |
7.2% |
8.1% |
|
Real exchange rate |
-0.4% |
1.4% |
0.0% |
|
Terms of Trade |
0.3% |
1.6% |
0.6% |
|
Employment |
0.0%* |
-2.6% |
-2.3% |
|
CO2 emissions (Gg) |
52368 |
-5.3% |
-8.0% |
-7.6% |
Agriculture CH4 & N2O |
63513 |
-3.0% |
-5.1% |
-4.4% |
115881 |
-4.0% |
-6.4% |
-5.8% |
|
International transport |
4299 |
-5.5% |
-8.8% |
-6.4% |
Emissions by NZ |
111582 |
-4.0% |
-6.3% |
-5.8% |
* exogenous
