Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


Report lays foundation for new law

3 December, 2013


Report lays foundation for new law

A report being launched in Wellington on Thursday, 5 December, lays the foundations for new laws around the storage of carbon dioxide as a way to reduce greenhouse gas emissions.

Carbon Capture and Storage: Designing the Legal Framework has been written by University of Waikato law professor Barry Barton - who is the director of the University’s Centre for Environmental, Resources and Energy Law (CEREL) - and researchers Kimberley Jordan and Greg Severinsen.

Professor Barton in 2012 received a $245,000 grant from the Ministry of Business, Innovation and Employment (MBIE) to design a legal and regulatory framework for carbon capture and storage (CCS) in New Zealand.

He worked with a team including an advisory group, government and industry insiders and international carbon capture experts from Australia, Canada, the United States, the European Union and Norway to draft the framework.

New Zealand law currently does not provide for carbon capture and storage, which involves using existing technology to separate carbon dioxide from emissions at sources such as coal burning or natural gas power stations or other industrial sources. The carbon dioxide is then injected into geological formations such as depleted gas reservoirs, or deep saline aquifers.

“Basically this law is about climate change,” says Professor Barton. “CCS is a method of reducing the emissions of greenhouse gases. In New Zealand, CCS is unlikely ever to play a major role in reducing emissions; but climate change is a huge problem, and we need every possible tool at our disposal.”

While climate change was not a high priority in political circles, that will change in time, he says.

The research involved a close study of liability and risk management, and of integration with existing laws like the Resource Management Act.

“It took us through parts of legislation we had not expected,” he says.

“It was challenging but rewarding and I hope it feeds into policy and law making.”

Professor Barton says it was a good opportunity to make University of Waikato expertise available as part of the policy-making and law reform processes.
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news