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


Strong interest in climate-friendly projects

Monday, 15 September 2003 Media Statement

Strong interest in climate-friendly projects

Businesses, local authorities and other organisations are showing strong interest in bidding for Kyoto Protocol ‘carbon credits’ for projects that will reduce greenhouse gas emissions.

Bidding opens today for a pool of four million emission units the Government has put up for tender. In return for the units, bidders must carry out projects that will reduce greenhouse gas emissions during the first commitment period of the Kyoto Protocol (2008-2012).

"The first tender round in the Projects to Reduce Emissions programme is an example of how the Kyoto Protocol opens up new business opportunities," says the Convenor of the Ministerial Group on Climate Change, Pete Hodgson.

"This programme will benefit New Zealand by supporting projects and reductions in greenhouse gas emissions that would not happen without it. It offers tangible rewards for developments that take us further towards a clean, green and sustainable energy future."

Emission units are expected to be internationally tradeable when the Protocol comes into force, although some carbon credit trading is already occurring. Firms and other organisations that successfully bid for emission units will be able to trade their units as they wish.

Mr Hodgson said the New Zealand Climate Change Office had already received more than 40 registrations of interest in the tender round from a variety of organisations.

"These include proposals for a number of renewable energy projects, using wind, solar energy, biomass and waste. There are also a number of energy efficiency and fuel efficiency projects. At least two international organisations have expressed interest in buying the credits from successful bidders.

"From the level of interest expressed at pre-tender briefings, we expect this first tender round to be keenly contested. This means we will be able to choose the very best projects for reducing emissions. We also expect to see a high level of innovation in many of the projects."

Some 240 people from heavy industries, power, oil and waste companies, local authorities, transport companies and smaller technology-based firms attended pre-tender briefings in Auckland, Wellington and Christchurch last week.

To qualify for the carbon credits, projects must result in a measurable reduction in greenhouse gases and not be ‘business-as-usual’. They must take place in New Zealand and reduce greenhouse gas emissions that are counted in New Zealand’s greenhouse gas inventory under the Kyoto Protocol.

If the pool of four million emission units is oversubscribed, priority will be given in this first tender round to larger projects that will contribute to electricity security in the near future. Mr Hodgson said early registrations of interest suggested there would be no shortage of projects that would contribute to electricity security.

Tenders close on Friday, 24 October 2003. Successful projects will be decided by late November and the first project agreements between project owners and the Government are expected to be finalised before Christmas. The remaining agreements will be completed early in the New Year.

Documents for the Projects to Reduce Emissions tender are available from the Government Electronic Tenders Service at

Further information:


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On What Triggered The Carnage In Gaza

At last count, 195 Palestinians have reportedly died in the latest round of violence, 55 of them children. Roughly ten times that number have been wounded, and thousands made homeless. On the Israeli side, 8 people have died from rockets fired from Gaza. The imbalance in casualties reflects the vast gap in weaponry between the two sides. The Israelis are carrying out air strikes with impunity on densely populated civilian neighbourhoods... More>>


Office Of The Speaker: 2021 Register Of Pecuniary And Other Specified Interests Presented

The 2021 Register of Pecuniary and Other Specified Interests of Members of Parliament was presented to the House today. It contains a summary of members’ pecuniary and other specified interests as at 31 January 2021. The Speaker of the House, Rt Hon ... More>>

Budget 2021: Boosts Carbon Neutral Government Commitment

· Budget 2021 delivers $67.4 million to support the transition to a carbon neutral public sector by 2025 · State Sector Decarbonisation Fund receives significant boost to support more schools, hospitals and other government organisations to replace ... More>>

Government: To Rev Up Reductions In Transport Emissions

The Government is calling for feedback on a range of potential policies to eliminate emissions in the transport sector. Transport Minister Michael Wood today released Hīkina te Kohupara – Kia mauri ora ai te iwi - Transport Emissions: Pathways to ... More>>

Child Poverty: Reports Highlight Need For Ongoing Action

The Government has released the first Annual Report for the Child and Youth Wellbeing Strategy and the second Child Poverty Related Indicators (CPRI) Report, both of which highlight improvements in the lives of children as a result of actions of the Government, ... More>>


PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>





InfoPages News Channels