NZ ETS to restrict Kyoto Protocol units from 2015

Fri, 06 Dec 2013

Dec. 6 (BusinessDesk) - New Zealand’s emissions trading scheme won’t be able to trade certain international Kyoto units after 2015, due to the government’s decision restricting access to those markets after the stalled climate change negotiations. From June next year, ETS participants will need to surrender New Zealand Units to meet their obligations after the government decided it will only allow Kyoto Protocol units to be used to account for obligations until May 31, 2015, Acting Climate Change Minister Simon Bridges said in a statement. T...

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