Banking shows need for limits on New Zealand link to international carbon market -report

Published 07:58 on August 16, 2016  /  Last updated at 10:37 on August 16, 2016  /  Asia Pacific, New Zealand  /  No Comments

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.

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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