|
|
Article: Rising fuel costs delay New Zealand emissions trading system 2 years
- Article from:
- AP Worldstream
- Article date:
- May 6, 2008
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
The New Zealand government said Tuesday it would delay for two years adding liquid fuels such as gasoline to a national emissions trading system to cut greenhouse gases because it would add to already rising prices.
Under a government-approved plan, all sectors of the economy will face limits on how much greenhouse gases they emit, and pay the cost of breaching them. Companies and government enterprises that exceed their caps can buy pollution "credits" from companies that fall short of their limits.
The forestry industry is already subject to caps and the Parliament is debating the final form of the trading system for all other sectors of the economy.
Prime ...