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« Singapore Consumers to Track Energy Use | Main | Europe Agrees to Binding Renewable Energy Targets » New Zealand Enacts Climate Change LawThe law establishes a nationwide GHG emissions credit trading program. It is being introduced gradually with the giant forestry sector accounting for its emissions this year, energy joining in 2010, transport in 2011, and agriculture in 2013. New Zealand is one of the world's biggest exporters of dairy products, meat and kiwi fruit and a prime tourist destination. Prime Minister Clark noted that the country risked being boycotted as a "dirty producer" by world consumers and tourists who are increasingly environmentally conscious. Environmentalists said the law did not go far enough and was unfair to the poor. To support it, The Green Party negotiated a $670M package of subsidies. The Conservative party vowed to change the law if they win national elections next year. Posted on September 15, 2008 1:19 PM | Permalink TrackBackTrackBack URL for this entry: |
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