Sign Kyoto – fund a war | Australian Conservative

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By:
Mark Henderson
Posted:
August 11 2008
Filed Under:
- Climate Change
- New Zealand
Tags:

Sign Kyoto – fund a war

New Zealanders are starting to get nervous about what might happen to the money they are paying the Russians for failing to meet their Kyoto targets.

As reported in our feature on New Zealand and Kyoto, the poor kiwis are paying the Russians 4.1 billion dollars by 2012 to purchase carbon credits to offset the increase in CO2 emissions beyond mandated Kyoto targets.

Kiwiblog is reporting that there is no mechanism for New Zealand to avoid handing over this money even if it is used to fund the war against Georgia.

If Australia fails to meet Kyoto targets and has to buy carbon credits from Russia, they same thing would happen.

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