Govt moves against dodgy carbon credits

Govt moves against dodgy carbon credits
Nov. 13 (BusinessDesk) - International carbon credits based on large-scale hydro-electricity projects and hydro-fluorocarbon destruction schemes in developing countries will no longer be accepted in the New Zealand emissions trading scheme, if government recommendations are implemented. Climate Change Minister Tim Groser announced a two week consultation from Nov. 19 on whether to ban Emission Reduction Units from HFC-23 and N20 destruction projects and Certified Emission Reduction units and ERU's associated with hydro projects. The move is a...