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Access to Kyoto carbon markets from 1 January 2013

The Registrar of the New Zealand Emission Unit Register has assured all Register users that New Zealand will continue to have access to the existing Kyoto carbon markets after 1 January 2013.

An agreement was reached in Doha limiting trading access to Kyoto carbon markets during the Kyoto Protocol Second Commitment Period (CP2) to developed countries taking their commitment under the Kyoto Protocol.

The Registrar said this agreement will not restrict New Zealand’s access to the International Transaction Log (ITL) under the First Commitment Period (CP1) rules until the conclusion of the CP1 true up.

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