New Zealand warned against $14.4 bln over-reliance on carbon credits for ‘impossible’ Paris target

Published 10:33 on October 16, 2017  /  Last updated at 10:33 on October 16, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s Paris Agreement emissions target is impossible to meet domestically yet the government risks spending up to NZ$20 billion ($14.4 bln) on international carbon credits that have no long-term value for the nation, its former chief climate negotiator has warned.

New Zealand’s Paris Agreement emissions target is impossible to meet domestically yet the government risks spending up to NZ$20 billion ($14.4 bln) on international carbon credits that have no long-term value for the nation, its former chief climate negotiator has warned.

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