The Surprising Vulnerability of New Zealand Manufacturing to CO2 Emissions Pricing: The Lessons of an International Comparison11Disclaimer: The opinions, findings, recommendations and conclusions expressed in this report are those of the authors. Statistics New Zealand (NZ) and the Ministry of Economic Development, NZ take no responsibility for any omissions or errors in the information contained here. Access to the data used in this study was provided by Statistics NZ in accordance with security and confidentiality provisions of the Statistics Act 1975. Only people authorised by the Statistics Act 1975 are allowed to see data about a particular, business or organisation. The results in this paper have been confidentialised to protect individual businesses from identification. Any discussion of data limitations is not related to the data‘s ability to support these government agencies’ core operational requirements. Any table or other material in this report may be reproduced and published without further licence, provided that it does not purport to be published under government authority and that acknowledgement is made of this source.22The authors would like to thank Adolf Stroombergen, Gilian Lawrence, Martin Brown-Santirso, Julia Gretton and Arthur Grimes for very helpful contributions and comments.