Independent advisors said New Zealand should cut emissions “much more than 35%” from 2005 levels by 2030 to align ambition with a 1.5C global warming limit
A separate target for methane from sheep and cattle has been painted as a sop to farmers; on the contrary, it puts the onus on the sector to curb warming
As Australia says it will sign up to a second commitment period of Kyoto, just weeks before the UN COP18 meeting in Doha, neighbouring New Zealand reveals it will not join a second phase of the scheme.
Forestry is likely to be a key point of interest for New Zealand heading into the Bangkok talks as the country’s ability to meet their Kyoto targets is dependent on the sector.
Aviva Investors Chief Responsible Investment Officer says ‘short term thinking’ and protectionism stopped proposal that could have forced global business to be transparent about ecological and social impacts
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