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# Face of the Day
- URL: https://goodoil.news/face-of-the-day-1504/
- Published: 2026-06-11T18:30:53.000Z
- Updated: 2026-06-11T18:30:52.000Z
- Description: ’We ain’t shutting down farms and we certainly aren’t sending billions of dollars offshore’ – Luxon
- Author: Cam Slater
- Tags: NZ Politics, Climate Change

> The prime minister has doubled down on his insistence that the government will not spend billions of dollars offshore to meet New Zealand’s climate commitments.  
>  
> Treasury estimates it could cost up to $5 billion to pay for the overseas carbon credits New Zealand needs to honour its Paris Agreement commitments.  
>  
> An additional $1.6 billion may also be needed to pay for credits to meet a subsequent commitment, due by 2035.  
>  
> The government was “gonna do everything we can” to honour the country’s Paris Agreement pledge to halve emissions by 2030, Christopher Luxon said.  
>  
> “But just reassuring everybody, we ain’t shutting down farms and we certainly aren’t sending billions of dollars offshore.”  
>  
> RNZ

[Read More](https://www.rnz.co.nz/news/political/597859/government-facing-up-to-5-billion-bill-over-carbon-credits-treasury-reveals?ref=goodoil.news)