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NZ stance seen as threat to carbon trading

Posted on 10 December 2012

Climate campaigner Cindy Baxter fears carbon trading has been put at risk by New Zealand’s position on greenhouse gases. A United Nations meeting in Doha on Saturday decided to extend the life of the Kyoto Protocol until 2020, but New Zealand was one of four countries that voted against.
Ms Baxter said New Zealand will now be shut out of trading with the European carbon market as a result of its position. She said that could leave companies that have already bought carbon credits dangerously exposed………………………………………..Full Article: Source


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