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


Outstanding response for climate-friendly projects

Outstanding response to call for climate-friendly projects

More than 40 large and small organisations have put forward proposals for projects to reduce greenhouse gas emissions in return for a share of Kyoto Protocol ‘carbon credits’ on offer from the Government.

A total of 45 project proponents have submitted bids for the four million emission units or ‘carbon credits’ being offered in the first tender round for Projects to Reduce Emissions.

“This hugely positive response shows that a healthy number of businesses, both public and private, are keen to reduce emissions of greenhouse gases and be rewarded for it,” says the Convenor of the Ministerial Group on Climate Change, Pete Hodgson. “The high number of bids and the variety and innovation they involve mean we will be able to choose the very best projects on offer. This is good for New Zealand and good for business.”

The projects include wind farms, hydro and geothermal electricity projects, proposals for generating electricity from landfill gas, a range of bio-fuel and bio-energy projects and schemes for waste treatment. Most of the tender bids are for projects that will generate or reduce the demand for electricity.

“On first reading, many of these projects will meet the Government’s objective of making New Zealand’s electricity supply more secure in the near future and contribute to the target for renewable energy. They are an important step in taking New Zealand towards a clean, green and sustainable energy future.”

The New Zealand Climate Change Office is evaluating the tenders and will make a set of recommendations to an independent assessment panel. To be eligible, projects must deliver a minimum reduction in emissions during the first commitment period of the Kyoto Protocol (2008-2012), go beyond “business-as-usual” and achieve measurable reductions in greenhouse gas emissions that would not have happened otherwise.

If the pool of four million emission units is oversubscribed, priority will be given to projects that will contribute most to electricity security in the near future. Successful projects will be decided by early December and the first project agreements between project owners and the Government are expected to be finalised before Christmas. Others will be completed early in the New Year.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news