Prime Minister John Key says New Zealand will put a small amount into the Green Climate Fund and expects to set a 2020 target for carbon emission reductions early next year as climate change takes centre stage at the G20 following a ground breaking agreement between China and the US.
Mr Key also said New Zealand would contribute $3 million toward the Green Climate Fund after some of the major players at the G20 announced significant pledges.
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They included US Barack Obama, who told an audience at Queensland University the United States would put in $3 billion - following on from a major agreement between China and the United States last week at Apec. The two countries committed to climate change emissions reductions targets - and that has put climate change at the centre of the G20 talks, despite Australian Prime Minister Tony Abbott's attempt to keep it on the sidelines.
Mr Key said New Zealand would also put in about $3 million to the Green Climate Fund but he was sceptical about it and preferred to keep the country's efforts focused on the Pacific, in which it put in about $100 million for climate change related measures.