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

 

Post Cab Presser: Inquiries And Consciences

This afternoon the Prime Minister John Key announced that his cabinet had drafted terms of reference for the Havelock North water contamination inquiry... In response to questions on the Shop Trading Hours Amendment Bill, the Prime Minister said he didn't think allowing National MPs a conscience vote was warranted. More>>

ALSO:

Statistics, Homelessness, Privacy: Auckland City Mission Data Joins Govt Research Database

For the first time, data from an agency outside government, Auckland City Mission, will be included in Statistics New Zealand’s vault of information for researchers. Data from the Auckland City Mission is going into the “Integrated Data Infrastructure” or IDI. More>>

Gordon Campbell: On The Waning Fever For The Olympics

According to the spin merchants and others with an interest in whipping up an audience, these have been our most successful Olympics ever. Huzzah! Yet given that the public spent more money to send our biggest team… you could say our haul in Rio cost more per medal and fewer were earned per athlete than ever before. More>>

ALSO:

Prisons: Corrections Relocates Offender From Maungaraki

The relocation of this offender became necessary as our service provider’s staff had became increasingly uncomfortable with the community’s reaction to their presence. Because of this, the service provider regrettably terminated its contract early. More>>

ALSO:

The Nation: Lisa Owen Interviews Lawrence Yule & Mike Joy

Yule concedes council could have done better job of alerting public… Massey University’s Mike Joy says central government has been “out of the room” when it comes to dealing with dairy intensification and the potential impact on nation’s water quality. More>>

ALSO:

Gordon Campbell: On Chinese Steel Dumping, And The 60s Revival

Guess who isn’t taking any visible action to ensure New Zealand isn’t damaged by China dumping its state-subsidized steel glut cheaply here? More>>

ALSO:

Vietnam:

Rangiriri Pa: Historic Pa And Redoubt Returned To Waikato-Tainui

The historic site of one of the largest battles of the New Zealand Wars has been returned to iwi ownership as part of the 10th anniversary Koroneihana celebrations for Kiingi Tuheitia. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news