Smith StuartSTUART SMITH (National—Kaikōura): Thank you Mr Speaker. Well next week COP26 starts in Glasgow and no doubt the Minister will be winging his way there next week for the next couple of weeks. And he doesn't seem to have much in mind—at least of what he's announced to us in New Zealand—about what we will commit to for our nationally determined commitment or NDC which we should have confirmed in 2019. But never mind; I'm here to help. So today the National Party announced our plan for COP and it has five parts. I'll take you through it now.The first part is the use of the split-gas approach in our NDC. We have in our zero carbon bill a split-gas approach and yet we heard the Minister say in question time today he's not going to adopt that into our nationally determined commitment. So our NDC is going to have different goals to our legislation. It makes no sense and the Minister really needs to get a grasp of his particular portfolio and sort this out because it doesn't make any sense to have two separate goals and pathways to meet our commitments.The second is that our plan backs our farmers. We know in the Intergovernmental Panel on Climate Change (IPCC) sixth assessment report which was published recently GWP100—or global warming potential 100—which assesses the warming potential in terms of carbon dioxide or carbon units over 100 years it doesn't represent methane emissions very well. It totally underestimates it in the early part of methane's life in the atmosphere and it significantly overestimates it in the latter part of its time in the atmosphere. And what the IPCC found was in fact if we adopt a method of measurement which is GWP-star in fact all New Zealand's emissions in the agricultural sector need to reduce by is 10 percent by 2050—10 percent instead of 47 percent as is in the legislation. So our agricultural sector will get there by business-as-usual improvements. This is great news for New Zealand as we don't have to cut production to meet our goals.We also need to open ourselves up for global carbon markets. Article 6 means that we can in fact—and the Paris Agreement will allow us to—do bilateral agreements if we can't come to an agreement to establish global carbon markets. And there is a group of countries that are just philosophically opposed to setting up international carbon markets. International carbon markets make sense if you accept that global warming is an international problem and I think it is; it is not confined to a country's borders. So nor should it attempt to lower emissions either by reducing emissions in the first place or sequestering them. We should be able to be open for that. We should also demand more of the large emitters. If all of the Paris signatories meet their commitments through to 2030 all we will reduce our emissions by is 1 percent—that's global emissions by 1 percent if every Paris signatory meets their commitments. We need the other emitters the large emitters that are not a part of Paris to play their part otherwise our efforts will be in vain. And we don't want to do that: to sacrifice ourselves in the name of a global effort when not all the team are playing the same game particularly when they have a far bigger impact.And of course the last thing is to embrace new technology. New technology is coming out now that enables us to take carbon dioxide out of the atmosphere and turn it into other things either turned into fuel which can be burnt again or be turned into carbon products for construction. This technology is relatively new. It's improving all the time but already there are viable options that will reduce carbon dioxide out of the atmosphere for $100 a tonne. In New Zealand at the moment we have with our emissions trading scheme (ETS) our New Zealand units are over $65 a tonne. We're almost at $100 a tonne. We should be looking at this new technology. As the Climate Change Commission found we can get to net zero with the ETS on its own but the one problem is the over-forestation in rural New Zealand and this international carbon markets and new technology would help mitigate that issue. Thank you Mr Speaker.