Our carbon bill set to pass $600 million mark
17 Feb 2009
New Zealand’s estimated carbon liability could climb above $635 million when Treasury updates the underlying price of carbon it uses to calculate New Zealand’s carbon bill – despite the fact that carbon prices are at an all-time low.
The country must pay for any net emissions of greenhouse gases that it generates during the first commitment period of the Kyoto Protocol (2008-2012) that take it over and above its 1990 levels of net emissions.
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Story copyright © Carbon News 2009
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