New Zealand, which renounced a second round of commitments to the Kyoto Protocol, can still take advantage of carbon-market mechanisms under the United Nations treaty until at least 2015, the government said.
The nation’s polluters will be able to buy UN Certified Emission Units until a so-called “true-up” period reviewing current Kyoto commitments ends, a spokesman for Climate Change Minister Tim Groser said. More than 190 countries in Doha agreed Dec. 8 to block nations that quit Kyoto’s second phase from buying the units after existing pledges expire this year.
