New Zealand raises expected surplus in meeting 2020 carbon target

Published 08:50 on May 26, 2017  /  Last updated at 12:08 on May 26, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand on Friday released updated estimates on its status towards meeting its 2020 climate pledges, increasing by nearly 5% its forecast overshoot of the goal, which will come largely through the banking of almost 124 million leftover carbon rights from the first Kyoto period.

New Zealand on Friday released updated estimates on its status towards meeting its 2020 climate pledges, increasing by nearly 5% its forecast overshoot of the goal, which will come largely through the banking of almost 124 million leftover carbon rights from the first Kyoto period.

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