Govt moves against dodgy carbon credits

Mon, 12 Nov 2012

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...

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