NZ, Australia part company as NZ abandons Kyoto Protocol

NZ, Australia part company as NZ abandons Kyoto Protocol
By Pattrick Smellie Nov 9 (BusinessDesk) - New Zealand is abandoning its pursuit of a second Commitment Period under the Kyoto Protocol governing global action on climate change, plumping instead for a competing initiative that involves the major emitters seen as crucial to any new global deal: the US and China. The move, announced by International Climate Change Negotiations Minister Tim Groser, came just hours after Australia - previously slow to the party on the first Kyoto commitment period - pledged to support the Kyoto 2 process. The...