Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Emissions Trading Scheme annual report released

New Zealand Emissions Trading Scheme annual report released today
The annual reports on New Zealand’s Emissions Trading Scheme (NZ ETS) and Synthetic Greenhouse Gas (SGG) levy were released today by the Environmental Protection Authority (EPA).
The reports detail reported emissions, transfers of units to and from the Crown, details of SGG levies paid, and the level of compliance within the scheme.

Michelle Ward, EPA’s Manager of ETS Operations, says the annual reports show the most up-to-date picture of activity within the NZ ETS.

“In combination with the ETS factsheet also published today, these two reports provide a summary of recent and historical activity within the scheme.”

The EPA also provides regular updates on transactional elements and unit holdings of the carbon market both via reports available from the New Zealand Emissions Trading Register (the Register), and the EPA website.

The EPA is working with the Ministry for the Environment to improve the availability and accessibility of NZ ETS information.

View the annual ETS reports on the EPA website

Key highlights from the reports include:
• The number of units surrendered has increased from previous years. Non-forestry participants have been required to pay one emissions unit for every two tonnes of carbon dioxide equivalent emissions for activity prior to 1 January 2017. A phase-out of this one-for-two transitional measure of the NZ ETS means non-forestry participants are now required to surrender more units for the same emissions.
• Changes to the levy rate mean that there has been an increase in synthetic greenhouse gas levies collected from importers of hydrofluorocarbons (HFC) and perfluorocarbons (PFC) contained in goods. From 1 July 2016 to 30 June 2017, the synthetic greenhouse gas levy resulted in $3,417,269 NZD collected. From 1 July 2017 – 30 June 2018, $8,897,000 NZD was collected.
Background:
• The EPA manages the administration of the NZ ETS. We ensure compliance with the scheme and provide reports and market information. We also operate the Register where participants report their emissions, open accounts, receive or transfer units, and meet their surrender obligations. Find out more about our role in the NZ ETS on our website (link)
• Five sectors have obligations to report and surrender units in the NZ ETS for their emissions: Forestry, Stationary Energy, Industrial Processes, Liquid Fossil Fuels and Waste. Agriculture is required to report emissions but do not face an obligation to surrender units.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Spying On Politicians, Activists, Iwi, Quake Victims: "Failings Across Public Service"

A State Services Commission investigation into the use of external security consultants by government agencies has uncovered failings across the public service, including breaches of the code of conduct...

However, the inquiry found no evidence of widespread inappropriate surveillance by external security consultants on behalf of government agencies. More>>

 

Doesn’t Compromise Sovereignty: NZ To Back UN Migration Compact

Foreign Affairs Minister Winston Peters says New Zealand will support the UN Global Compact for Safe, Orderly and Regular Migration after being satisfied fears about the document are unfounded. More>>

ALSO:

Children's Commissioner: Child Poverty Law "Historic Cause For Celebration"

...It represents a cross-party commitment to a fundamental shift of policy for our most disadvantaged children and should help undo 30 years of damage to children from our most vulnerable families. More>>

ALSO:

Dope News: Binding Cannabis Referendum To Be Held At 2020 Election

The referendum on cannabis for personal use is part of Labour's confidence and supply agreement with the Greens. It could be one of potentially three referenda - decisions have yet to be made about euthanasia and changes to electoral laws. More>>

ALSO:

Vic: Victoria University Name Change Rejected

Education Minister Chris Hipkins has declined Victoria University of Wellington Council’s application for a legal name change. More>>

ALSO:

PM's Post-Cab 17/12/18: Chief Justice, M Bovis

Prime Minister Jacinda Ardern's final post-cabinet press conference of the year focussed on announcing the appointment of Helen Winkelmann as the next Chief Justice, and an update on effort to eradicate Mycoplasma bovis from New Zealand. More>>

ALSO:

Law Commission Issues Paper: Use Of DNA In Criminal Investigations

In the 22 years since the Act came into force, it has become clear that the modern-day fingerprint analogy is increasingly inapt... Theoretically, whole genome sequencing could ultimately become the standard method of analysing a DNA sample. Such a development will give a new perspective on the concept of genetic surveillance in the criminal context. More>>

State Highways: $1.4 Billion For Road Safety Improvements

The Safe Network Programme will make 870 kilometres of high volume, high-risk State Highways safer by 2021 with improvements like median and side barriers, rumble strips, and shoulder widening. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels