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

 

Parliament Today:

The Kids: OECD Report Shows Huge Impact Of Poverty On Education

A new report from the OECD has again highlighted the negative effects of poverty, showing that disadvantaged children in New Zealand are more than six times more likely to underachieve in maths than children from wealthier homes. More>>

ALSO:

Pacific: NZ Pledges $500,000 To Help Address Zika

“With the Zika virus now confirmed in a number of Pacific countries, New Zealand is committed to helping limit the impact and spread of the virus in the region,” says Mr McCully. “New Zealand will provide $250,000 as a contribution to the WHO to implement the Pacific Zika Action Plan, and a further $250,000 to enable countries in the region to respond rapidly if required." More>>

ALSO:

Labour: Police Commissioner 'Doesn’t Get Force Needs'

The Police Commissioner has let down the public and his own force by insisting the police have what they need despite it taking a year to solve a burglary and overwhelming number of officers saying they are under-resourced, says Labour’s Police spokesman Stuart Nash. More>>

ALSO:

Gordon Campbell: On The US Pressure To Expand Our Role In Iraq

Foreign news services are being more forthcoming about what the “next 12 months” will entail – essentially, the defence ministers will be under US pressure to increase their “training” role preparatory to an assault on the city of Mosul in northern Iraq. More>>

ALSO:

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news