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

 


Units lacking environmental integrity to be banned



Hon Tim Groser
Minister for Climate Change Issues
17 December 2012 Media Statement
Units lacking environmental integrity to be banned

Climate Change Minister Tim Groser today announced that the Government is banning some international emissions units from New Zealand’s Emissions Trading Scheme (ETS) due to concerns over their environmental integrity.

“We are banning international units generated from industrial gas destruction projects and large hydropower projects that do not meet World Commission on Dams guidelines. This change is about ensuring the environmental integrity of the New Zealand Emissions Trading Scheme is maintained,” Mr Groser says.

“Australia and the European Union have already announced their intention to restrict these units from their emissions trading schemes. Banning these units now strengthens the integrity of the ETS and therefore our ability to advance discussions on linking with other major domestic emissions trading schemes.”

The ban of these units is not expected to significantly reduce the supply of units in the period up to 2015 and is therefore expected to have no impact on the carbon price.

Units already in the New Zealand Emissions Unit Register will be able to be used to meet surrender obligations. Emitters who have already committed to purchase these types of units in forward contracts will be able to use them for surrender obligations until June 2014, providing contracts were entered into prior to today.

“The Government is exploring regional and bilateral linkages amongst carbon markets for beyond 2015,” Mr Groser says.

A copy of Q&A’s about the ban of some international units for environmental integrity reasons can be found at: http://www.climatechange.govt.nz/emissions-trading-scheme/building/regulatory-updates/


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

EPA: Board Of Inquiry Rejects Basin Flyover By Majority Of 3 To 1

The independent Board of Inquiry delegated to decide on the Basin Bridge Proposal has, by a majority decision (3 to 1), cancelled the Transport Agency’s Notice of Requirement and declined its resource consent applications for the construction, operation and maintenance of a flyover on State Highway 1 in Wellington City between Paterson Street and Buckle Street/Taranaki Street...

Parties specified under Section 149Q(3) of the RMA now have 20 working days to make comments on minor or technical aspects of the report. More>>

 

Parliament Today:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

Gordon Campbell: On The Non-Apology To Tania Billingsley

The refusal by Prime Minister John Key to issue a personal apology to Tania Billingsley has been accompanied by an array of excuses... Yesterday though, Key’s choice of words indicated that an apology was the last thing on his mind. More>>

ALSO:

Conventions: Winston Peters On The Nation

Winston Peters opens door to standing in East Coast Bays electorate, says it's an "exciting point" and he's thinking about it. "I’ve had a whole lot of people writing to me and calling up and saying ‘why don’t you have a go in East Coast Bays’." More>>

ALSO:

Waitangi Tribunal: Report On The MV Rena

In its interim report, the Waitangi Tribunal has found that the Crown’s conduct in response to the grounding of the MV Rena on Otaiti (Astrolabe) reef breached the principles of the Treaty of Waitangi. More>>

ALSO:

Gaza: Wellington Protest For Palestine Calls For End To Bombing

Around 300 people gathered outside the Israeli Embassy in Wellington on Friday to protest Israel’s occupation of Palestine. More>>

ALSO:

Gordon Campbell: On The Failure To Prosecute The GCSB

So one hand of the state – the Independent Police Conduct Authority – has now washed the hands of its brother agencies, and declared that all hands are clean. Case closed. More>>

ALSO:

Illegal Search: Police Behaviour 'Reminiscent Of Tūhoe Raids'

"Māori will lose further trust and confidence in the New Zealand Police and the Independent Police Conduct Authority (IPCA) if the recent incident in Stratford is not adequately addressed. This behaviour would not occur in Epsom or Khandallah so why should police think that such behaviour was acceptable in Stratford," says Chris McKenzie. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news