The place for NZ oriented news releases on climate change and related energy policy.

UN-Backed Carbon Trading Plan to Reduce Greenhouse Emissions 

UN-Backed Carbon Trading Plan to Reduce Greenhouse Emissions
An essential tool in efforts to reduce global warming gas emissions is on track for completion with testing in the coming months of a mechanism allowing countries that cut emissions below their targets to sell surplus allowances to others that have deficits, the United Nations body overseeing the project The International Transaction Log (ITL) allows industrialized countries that have signed up to the Kyoto Protocol, which seeks to curb global warming, to link their national registries to the central hub of a settlement system that will deliver traded allowances from sellers to buyers.
The registries of Japan and New Zealand have already linked their test environments to the ITL and have successfully conducted trial transactions."

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