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New Zealand to Save $31 Billion by Tapping Paris Carbon Markets

Posted on 29 November 2016

New Zealand is seeking to offset its global warming emissions by investing almost $5 billion in green projects overseas, saving six times that figure to meet its Paris climate commitments.
Climate Minister Paula Bennett sounded out countries willing to sell emission-reduction credits as she met them at the United Nations climate talks in Morocco this month, she said by phone, declining to be specific because the talks were private. The government may be able to buy credits for a price that’s 88 percent cheaper than reducing emissions at home through 2030, an environment ministry research report shows………………………………………..Full Article: Source


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