Reuters: New Zealand scaled back its target for reducing carbon emissions on Friday, saying the move was an interim step ahead of a new United Nations pact from 2020.
The government said it would commit to cutting greenhouse gas emissions to 5 percent below 1990 levels by 2020. It had previously indicated that it would look at a cut of 10 percent to 20 percent.
"In deciding this target, the government has carefully balanced the cost to New Zealand households and businesses against taking ambitious action...