Parliament

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

 

Government announces emissions trading scheme

20 September 2007 Media Statement

Government announces emissions trading scheme

An emissions trading scheme will reduce greenhouse gas emissions, promote environmentally friendly behaviour and create business opportunities for New Zealanders, according to Finance Minister Michael Cullen and Climate Change Minister David Parker.

The scheme, announced by the Labour-led government today, will be phased in from next year, beginning with the forestry industry, and including all sectors and gases over time.

“Climate change is a real threat from which New Zealand is not immune. We must do our bit to help the world deal with it. As part of our response to climate change, Cabinet has agreed to the key design features for a New Zealand emissions trading scheme,” said Dr Cullen.

“An emissions trading scheme will create an incentive for businesses and households to make decisions that are good for the environment, and will discourage actions that cause greenhouse gas emissions.”

New Zealand’s forestry industry will receive incentives to plant trees equivalent to hundreds of millions of dollars under the scheme.

“Forestry is critical to New Zealand’s response to climate change. We want to see more forests planted, and we want to see harvested forests replaced. The government, therefore, has agreed with the forestry sector that they should receive a free allocation of carbon credits,” Dr Cullen said.

“Consistent with the commitments we have made to farmers, the government is proposing that agriculture will not join the scheme until 2013, and the sector will also receive generous free allocation equivalent to 90 percent of their 2005 emissions.

“We have designed the scheme to assist business as much as possible without defeating the purpose of the scheme, and other industries will also receive transitional assistance.”

New Zealand is one of a number of countries, such as the UK, Australia, the EU and parts of the US, which have or are developing such schemes.

“This is the way the world is heading,” David Parker said. “For those at the forefront of carbon-friendly services and technologies there are considerable opportunities emerging from such an economic transformation. Sectors such as tourism and viticulture have already identified this and are planning and investing based on sustainability. Energy efficiency in businesses will also improve their competitiveness.

“There will be increased costs in, for example, petrol and energy. The government will look at what assistance households need to adjust to these increases. There will also be increased efforts to make all households more energy efficient – through insulation, solar panels, and other measures.

“The development of an emissions trading scheme demonstrates the government listened during consultation on policy options earlier this year,” said Mr Parker.

“Submissions received during this consultation on the five climate change and energy discussion documents made it clear that there is a high level of support for emissions trading.

“The government is now committed to providing opportunities for detailed engagement with interested parties, such as industry, consumer groups, NGOs and Maori, to ensure the final design of the scheme is fair and can be implemented effectively,” said David Parker.

The engagement, which is happening from now until November this year, will focus on the core design elements and will include a series of hui to address priority issues for Maori.

Once emissions trading scheme legislation has been introduced, the public will be able to provide further input as part of the select committee process.

“The government looks forward to working collaboratively with all those involved, as it develops a scheme that will work for New Zealanders in the long term,” said Mr Parker.

For more information see: www.climatechange.govt.nz

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

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>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election