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New Zealand has put some teeth into its greenhouse gas (GHG) abatement strategy. Last week the country announced it would impose a carbon tax to help it meet its Kyoto Protocol commitment, and will certainly raise the price of fuel. The tax--up to NZ $25 (US $12) per ton of [CO.sub.2]-equivalent--will be put in place after 2007, if the protocol becomes international law.
The government says the tax will raise the price of gasoline by 6%, diesel fuel by 12%, and electricity prices by 8% to 9%. Coal will take the biggest hit, with the tax raising costs by 19%.
"The policies ... will enable New Zealand to meet its greenhouse gas emission targets under the Kyoto …