Developing new gas resources in New Zealand is a shortsighted strategy that could lead to stranded assets, argues Ralph Sims.

New Zealand had a fairly high profile on day 1 of the COP21 in Paris. Prime Minister John Key told the opening Leaders Session of his intent to make a “strong contribution” through a new emissions-reduction target of 30% below 2005 levels by 2030. He failed to clarify, however, that this is in fact a...