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NZ bans industrial gas offsets from CO2 trade scheme

Posted on 23 December 2011

New Zealand will ban the use of U.N.-backed industrial gas offsets to stop any distortion to its carbon trading scheme and bring it into line with programs in Europe and Australia, the government said on Thursday.
Climate change minister Nick Smith said offsets from projects that destroy potent greenhouse gases hydrofluorocarbon-23 (HFC-23) and nitrous oxide (N2O) would be banned from Dec 23 unless emitters had already entered into binding forward purchase agreements……………………………………….Full Article: Source


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