Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


NZ's first Negotiated Greenhouse Agreement

New Zealand’s first Negotiated Greenhouse Agreement

The $180 million Future Fuels Project investment announced today by the New Zealand Refining Company (NZRC) is supported by the first successful Negotiated Greenhouse Agreement (NGA) to be put in place, Pete Hodgson, the Convenor of the Ministerial Group on Climate Change, said today.

NGAs provide an exemption to the proposed greenhouse gas emissions charge to be put in place from 2007. In exchange, firms commit to moving towards world’s best practice in emissions management.

NGAs are limited to firms or industries whose competitiveness is at risk from producers subject to less stringent climate change policies.

“Securing an NGA was critical to NZRC’s decision to continue investing in New Zealand,” Mr Hodgson said.

“This significant investment is required by the refinery to achieve the lower petrol benzene and diesel sulphur levels that are required as a result of the new Petroleum Products Specifications Regulations.”

Mr Hodgson said the agreement was a significant example of Government and business working together to achieve a balanced outcome for New Zealand.

“The Government has made a decision to move towards cleaner fuels and NZRC has responded.

“This investment will help our environment in two ways. In moving towards world best practice emissions management the refinery will reduce greenhouse gas emissions from the refining process. By producing higher quality petrol and diesel it will enable New Zealanders to use vehicles with more advanced, cleaner engine technologies.”

Mr Hodgson said NZRC’s Negotiated Greenhouse Agreement represented a success in preserving economic activity in New Zealand while supporting international efforts to halt global warming.

“The realisation of the NGA is a significant step in policy implementation and the Government appreciates the goodwill of the company in making it happen.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods (is the dollar up or down?) the outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country... More>>




Submissions Summary: The People's Commission On Public Media

This Summary is a preliminary report from the People’s Commission. It brings together views and aspirations of the hundreds of people who made submissions, attended public meetings, filled out the online survey and made speeches to our Panel. More>>

Housing Plans: Protest Over Ihumatao Development

Ihumatao in Mangere, next to the airport in Auckland, holds the archaeological remains of 1000 years of food production; from when Maori first landed in the area, through to early European settler agriculture and right up until today. More>>


Negotiations: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word.. More>>


Contains Highly Colloquial Language: Your F**king Guide To Government Formation

The following message is in no way endorsed by the Electoral Commission. They are f**king done with this election. More>>

NZ Emissions Up 50% 1990-2013: Report Confirms CLimate Change Impacting NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: Inland Revenue Steps Back From Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>





Featured InfoPages

Opening the Election