Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Draft Guidelines NZ Investment in JI/CDM Projects

Media Release

8 September 2008

Release of Draft Guidelines on NZ Investment in JI/CDM Projects

The release of new draft guidelines around New Zealand investment in projects under the Kyoto Project has been welcomed by an energy sector expert.

The Ministry for the Environment (MfE) has released its draft Guidelines for Investment and Procedures for Investment in Joint Implementation (JI) and Clean Development Mechanism projects under the Project.

The Guidelines allow project owners under New Zealand's Projects to Reduce Emissions programme and operators of the Te Apiti and Tararua wind farms to participate in the Joint Implementation mechanism.

Kensington Swan partner Bryan Gundersen says although the document was required to be developed under New Zealand’s Kyoto obligations, it is still a positive move.

“The guidelines set out what is required of potential investors in these projects in very clear terms.

“It outlines exactly who is eligible and who is not, as well as which projects are eligible and which projects are not under the Kyoto scheme.”

The draft Guidelines provide checklists of what documents are required to be in order before a ‘Letter of Approval’ may be sent to the appropriately authorised authority.

Mr Gundersen says of particular assistance is the appendices to the draft Guidelines which set out in detail what the various forms must look like and what information they must contain.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Crown Accounts: Slightly Softer Growth Expected In PREFU

A slightly softer growth forecast is the main feature of largely unchanged Pre-election Fiscal Update compared to the Budget forecasts three months ago, Finance Minister Steven Joyce says. More>>


Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>


Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>