New Zealand's carbon credits scheme a farce,
says Morgan Foundation report

According to the media release, "New Zealand is being accused of cheating to fulfil its international climate change obligations.

"A new report by the Morgan Foundation, released today, says foreign carbon credits which New Zealand bought to reach its climate targets were fraudulent.

"It says that New Zealand was the world's biggest buyer of Russian and Ukrainian credits which did not represent any reduction in greenhouse gas emissions.

"That meant New Zealand, despite achieving its target on paper, had done little in reality to reduce global emissions."

For more information visit the Morgan Foundation Website or download the report.

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