| New Zealand's greenhouse gas obligations will be much tougher than they are now under new rules agreed at the Paris climate change talks, according to carbon traders. Their comments follow analysis of the fine print of the agreement which was reached by 195 nations earlier this month.
They suggested that economics had been more important than chemistry in the greenhouse gas business until now, since companies could pay money for polluting instead of reducing carbon dioxide, methane, and nitrous oxide emissions. Under that principle, New Zealand's total emissions could grow, and the country could still come out smiling...............................................Full Article: Source |