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Treasury reveals its emissions target

The New Zealand Herald has a story about how Treasury adviced the Government it should have set its greenhouse gas emission levels 15% above 1990 levels.

The news comes after the Government announced plans last week to reduce emissions by 10-20% of 1990 levels by 2020.

Trade Minister Tim Groser will take the proposal to Bonn later this month in the run-up to December negotiations in Copenhagen on a post-Kyoto climate change agreement.

The story includes comment from Climate Change Minister Nick Smith and Green Party co-leader Russel Norman:

Treasury papers released today show the Government did not follow a call from its financial advisers for it to set a 2020 greenhouse gas emissions target 15 percent above 1990 levels.

On August 10, the Government announced an emissions reduction target range of 10 percent to 20 percent below 1990 levels by 2020.

But Treasury recommended a target range with an unconditional target of 8 percent reduction on a base year of 2005. READ MORE.

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