Article: New Zealand: McCain emissions trading pledge important for New Zealand's heavy emitters.

Byline: Mamta03

A pledge overnight by US Republican presidential candidate John McCain to present a cap and trade emissions trading law to Congress to "change the dynamic of the American economy" will be reassuring to heavy emitters in New Zealand.

In remarks he prepared to give at a wind technology firm in Portland, Oregon, Mr Cain said he would produce a plan setting goals on U.S. greenhouse gas emissions, including a return by 2012 to 2005 levels of emission, and by 2020 to 1990s levels.

In saying "the facts of global warming demand our urgent attention" and "good stewardship, prudence, and simple common sense demand that we act to meet the ...

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