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Article: NEW ZEALAND: EMISSIONS TRADING SCHEME ANNOUNCED
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 20, 2007
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The government of New Zealand issued the following news release:
An emissions trading scheme will reduce greenhouse gas emissions, promote environmentally friendly behaviour and create business opportunities for New Zealanders, according to Finance Minister Michael Cullen and Climate Change Minister David Parker.
The scheme, announced by the Labour-led government today, will be phased in from next year, beginning with the forestry industry, and including all sectors and gases over time.
"Climate change is a real threat from which New Zealand is not immune. We must do our bit to help the world deal with it. As part of our response to climate change, Cabinet has agreed to the key design ...