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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: NZ will have new climate law next year: leader AP - Tuesday, December 2 WELLINGTON, New Zealand - New Zealand will introduce a new emissions trading scheme before next year and remains committed to helping combat climate change, Prime Minister John Key said Monday. An amended version of New Zealand's emissions trading system _ the first carbon cap-and-trade scheme outside Europe _ will be in place by 2010, Key told reporters after a Cabinet meeting on the issue. Key's government froze the scheme when it took office Nov. 8. Key has voiced concerns that New Zealand's promise to cut greenhouse gases under the 1990 Kyoto Protocol to slow climate change is unrealistic because it centers around emissions produced by industry and does not recognize the difficulty in reducing greenhouse gases from the agricultural sector _ the source of half the Pacific nation's total emissions. "We don't have technological solutions for most part in that area," he said of reducing farming emissions. The announcement comes ahead of international talks beginning this week in Poland on a new agreement to replace the Kyoto Protocol. The Kyoto Protocol obliged 37 industrial countries to slash carbon emissions below 1990 levels by an average 5 percent by 2012. A 2007 report said New Zealand's emissions had increased by 25 percent since the protocol was agreed to. "New Zealand will be meeting its obligations under the Kyoto Protocol," Key said, adding that the government will stand by its pre-election pledge to cut total emissions by 50 percent by 2050. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Climate Change Brazil describes new plan to slow deforestationAP - Tuesday, December 2 Quest for new climate treaty begins in earnestAP - Tuesday, December 2 Climate change juggernaut on the horizon, UN talks toldAFP - Tuesday, December 2 Climate change boosts potential for conflict, UN talks toldAFP - Tuesday, December 2 Related Articles: Asia Pacific AVA lifts ban on Julie’s biscuitsChannel NewsAsia - 44 minutes ago Chinese media says 20 people killed in road crashAP - 1 hour 14 minutes ago Powerful earthquake strikes TaiwanAP - 1 hour 16 minutes ago RPT-GLOBAL MARKETS-Asia stocks slide as global outlook darkensReuters - 1 hour 32 minutes ago India demands strong action from PakistanAP - 1 hour 33 minutes ago Related Full Coverage climate change climate change All Full Coverage Most Popular – Asia Pacific Viewed Wall Street plunges as recession becomes reality World AIDS Day highlights big challenges 20 years on Saudi king says 75 dollar oil price 'fair' Love handles increase death risk: study World's oldest person dies at 115 years View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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