No restrictions on foreign-sourced carbon credits confirmed

Wed, 17 Oct 2012

By Pattrick Smellie Oct. 17 (BusinessDesk) - Government Members of Parliament have, as expected, blocked attempts by Labour and Green Party MP's to limit the number of foreign-sourced carbon credits used to offset New Zealand's greenhouse gas emissions under its Kyoto Protocol obligations. The Climate Change Response (Emissions Trading and Other Matters) Bill was reported back to Parliament by the finance and expenditure select committee with only technical amendments, and a decision that capping the use of foreign credits would compromise th...

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