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Prime Minister says higher cuts harmful to economy

MELBOURNE, Australia (Radio Australia, August 11, 2009) – Reports from New Zealand say the government has set a target of reducing greenhouse gas emissions by between 10 and 20 percent from 1990 levels.

The New Zealand Press Association says the target would be met by reducing domestic emissions, expanding forests and buying emission reductions from other nations.

It quotes the Prime Minister, John Key as saying New Zealand had a long way to go, as it seeks to balance economic opportunities with environmental responsibility.

Environmental group Greenpeace has been campaigning for New Zealand to slash its emissions by 40 percent, but Mr Key has rejected this, saying the economic and social cost would be unacceptable.

Developed nations meet at the end of the year in Copenhagen, to find a successor to the Kyoto Protocol.

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