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


Government amends Climate Change Response Act

Hon Tim Groser

Minister for Climate Change Issues

Hon Jo Goodhew

Associate Minister for Primary Industries

16 May 2014

Media Statement
Government amends Climate Change Response Act 2002 to change forestry surrender obligations

The Government welcomes the passage of legislation amending the Climate Change Response Act 2002 so that only New Zealand Units (NZUs) can be surrendered by participants when deregistering post-1989 forest land from the Emissions Trading Scheme (ETS).

The amended act will remove the opportunity to arbitrage NZUs by registering and deregistering the same piece of post-1989 forest land from the ETS multiple times.

“We have acted to remove an unintended consequence from the operation of the ETS that, if left unchecked, could create reputational and integrity risks to the ETS and fiscal costs to the Crown,” says Minister for Climate Change Issues Tim Groser.

“This change brings forestry broadly in-line with other sectors in the ETS, and will maintain the good reputation of the ETS, which plays an important role in New Zealand meeting its international climate change obligations,” says Mr Groser.

Associate Minister for Primary Industries Jo Goodhew reassured foresters: “Post-1989 foresters can still use Kyoto units for liabilities incurred through deforestation or harvesting, and sell Kyoto units on either domestic or international markets. MPI will work closely with forestry participants to ensure they understand how the new rules will apply.”

The amended Act will come into force on 16 May 2014. The amendments will not affect deregistration applications received by the Ministry for Primary Industries on or before 15 May 2014.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



1080 Threat: Police Arrest 60 Year Old Auckland Man

New Zealand Police have arrested a 60-year-old Auckland businessman in relation to the criminal blackmail threat to poison infant formula with 1080, made public in March this year. More>>


Canterbury Transition Bill First Reading: Government Hiding From ECan Submissions

The Government has radically reduced the amount of time for public submissions on their controversial ECan bill, says Labour’s Environment spokesperson Megan Woods... “Their shortened timeline could mean that instead of the usual six weeks, Cantabrians get just one week to submit their views on the bill." More>>


Gordon Campbell: On Our Apparent Inability To Stand Up To Australia

Alas, and only days before the first meeting between our Prime Minister John Key and the new Australian leader Malcolm Turnbull, this country is showing no sign of standing up for itself. Quite the reverse. We seem to be rolling over, and making gestures of appeasement. More>>


Health Not-So-Many Benefits: Auditor-General On Scrapped Cost-Saving Plan

The Auditor-General decided to look into the costs and benefits of HBL’s work in the health sector and, where possible, identify lessons... We found that several factors contributed to the difficulties that befell HBL and, in particular, the Finance, Procurement and Supply Chain (FPSC) programme. More>>


Wikileaks: TPP Intellectual Property Rights Chapter Released

“If TPP is ratified, people in the Pacific-Rim countries would have to live by the rules in this leaked text,” said Peter Maybarduk, Public Citizen’s Global Access to Medicines Program Director. “The new monopoly rights for big pharmaceutical firms would compromise access to medicines in TPP countries. The TPP would cost lives.” More>>


Redundancies: 120 Laws To Be Repealed

The Statutes Repeal Bill will remove 120 pieces of superfluous legislation, and parts of eight other acts. It is being consulted on before it is introduced to Parliament. “The proposed Bill would reduce the total number of public Acts in force by more than 10%,” Mr Joyce says. More>>


Gordon Campbell: On John Key’s Trip To Iraq

In the embedded press coverage on this trip, the absence so far of any evaluation of the wider context of what New Zealand thinks it is doing at Camp Taji has been striking. More>>


Labour: Parata Puts Brakes On Charter School Appraisal

“When the Ministry of Education recommended they compare the achievements of children at charter schools to those of their counterparts at state schools, the documents show Hekia Parata specifically prohibited them from doing so." More>>


Bad Day For Universities: Gun, Bomb Threats On Three Campuses

Dunedin Police are continuing their investigation into the threat made against the University of Otago. Staff are following a number of lines of inquiry, and police are working to verify the authenticity and source of the post. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news