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


New Zealand Units now more visible

1 April 2014

New Zealand Units now more visible

The Environmental Protection Authority has made changes to the New Zealand Emission Unit Register (NZEUR). Account holders will now have access to greater information on the origin of New Zealand Units (NZUs).

Andrea Gray, General Manager Emissions Trading Scheme says the changes are part of an on-going drive to develop the information available to the New Zealand carbon market. “The changes were sought by our customers, with the majority of unit holders supporting greater visibility and traceability of units.”

Account holders will now be able to see the original reason an NZU was transferred from the Crown through a new Unit Purpose column. Within this column there will be seven unit categories that provide information on the activity that generated the units.

The changes have been introduced today (1 April 2014) and will impact on all existing and future NZUs in the NZEUR. The information will only be accessible to the current holder of the unit.

For more information please visit

There are seven categories defining unit purpose:
1. PFSI: This refers to NZUs transferred to Permanent Forest Sink Initiative participants in recognition of their sequestration activities.
2. Removal–Forestry: This refers to NZUs transferred to Forestry Removal Activities participants in recognition of their sequestration activities.
3. Removal–Other: This refers to NZUs transferred to Other Removal Activities participants in recognition of their sequestration activities.
4. Allocation–Forestry: This refers to NZUs transferred to pre 1990 forest land owners in two tranches from 2008 to 2013.
5. Allocation–EITE: This refers to NZUs transferred to emission intensive trade exposed industries and entities under a Negotiated Greenhouse Agreement (NGA).
6. Allocation – Fishing: This refers to NZUs transferred as a one-off transfer of units to fishing permit holders in 2010.
7. Other/Misc.: This refers to NZUs transferred for any reason other than the above, including fixed price surrenders.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Trade & Retail: Chinese Disaster Spells Quiet Season For NZ Fireworks Sales

In August, two massive explosions at a warehouse at the port in the port of Tianjin, Northern China, killing more than a hundred people and devastating large areas of the city. In the wake of the disaster, Chinese authorities rushed to regulate the distribution of all dangerous goods... More>>



Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news