The New Zealand government’s failure to de-link from the Kyoto market as soon as it decided to opt out of the treaty allowed a NZ$2.5 billion ($1.8b) bank of privately-owned allowances to build for which the government is ultimately liable, a report said Tuesday.
Banking shows need for limits on New Zealand link to international carbon market -report
The New Zealand government’s failure to de-link from the Kyoto market as soon as it decided to opt out of the treaty allowed a NZ$2.5 billion ($1.8b) bank of privately-owned allowances to build for which the government is ultimately liable, a report said Tuesday.
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