Carbon News - Intelligence for the carbon market


Monday 12 Aug 19 12:00pm


Ten years ago, New Zealand was proposing to cut greenhouse gas emissions by up to 20 per cent on 1990 levels by 2020 if other countries played ball. | Read the story here

However, the country eventually settled on a target of a five per cent reduction.

In reality, by 2017 (the most recent figures available), gross emissions were 23 per cent higher than they were in 1990 and net emissions were up 65 per cent.

Surplus credits carried over from the first commitment period of the Kyoto Protocol, which ended in 2012, will be used to meet the 2020 commitment.
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Related Topics: Kyoto


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