NZ ratifies new global climate change pact as carbon heads for $20 a tonne

Tue, 04 Oct 2016

By Pattrick Smellie Oct. 5 (BusinessDesk) - New Zealand has become one of the first batch of countries to ratify the new global climate change pact hammered out in Paris last December, heralding the country's return to global carbon markets four years after abandoning them. Climate Change Minister Paula Bennett announced the ratification this morning ahead of attending next month's annual global climate change summit, to be held in Marrakech, Morocco. New Zealand effectively walked away from global markets in 2012 when the country deci...

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