New Zealand: Politics

No emissions trading revenue windfall for NZ
2 Apr 2008
Unlike Australia, there will be no multi-billion-dollar windfall to the New Zealand Government from selling carbon credits.

Parker: Full trans-Tasman ETS harmonisation only one option
2 Apr 2008
EXCLUSIVE - New Zealand does not need to integrate its emissions trading scheme (ETS) with Australia’s for it to work efficiently, Climate Change Minister David Parker told Carbon News yesterday.
Treasury report suggests thermal ban will increases costs
2 Apr 2008
The New Zealand Business Roundtable has released a 15 February 2008 Treasury Report , discovered under the Official Information Act, which it and other business groups say shows the proposed ban on new baseload thermal power will impose uncessary costs.
Who's first up at ETS and thermal power ban bill hearings today
2 Apr 2008
Hearings into the Climate Change (Emissions Trading and Renewable Preference) Bill begin today before the Finance and Expenditure Select Committee.

Latest Round Of UN Climate Talks to push Bali Roadmap to next stage
1 Apr 2008
Five days of United Nations-sponsored climate change talks, drawing 1,000 participants in Bangkok, Thailand, will try pushing forward the so-called “Bali Roadmap”.

Air miles, buy-local campaigns “insidious, sinister”
31 Mar 2008
Air miles and buy-local campaigns are “insidious, even sinister” trade protectionist barriers set up under cover of the battle against climate change, former World Trade Organisation (WTO) director-general Mike Moore told Carbon News.

CARBON NEWS SERIES: Avoiding the major quality gap in emission certification
27 Mar 2008
Carbon News has revealed some companies run the risk of paying well for emissions measurement and certification – and falling short of developing world standards. They could also get stung in ETS emission audits.

Call for emissions revenue to fund tax cuts
27 Mar 2008
Australia’s Opposition treasury spokesman last night urged the Kevin Rudd Labor Government to devolve the money it raises from carbon credits onto the states so they can eradicate a raft of inefficient taxes.
NSW weighs flogging the family silver
27 Mar 2008
A furore over whether New South Wales (NSW) should privatise its mostly coal-fired electricity generation capacity has erupted in the wake of Kevin Rudd’s federal Labor government announcing it will introduce an emissions trading scheme (ETS) in 2010.
Greenpeace turns spotlight on farmers
27 Mar 2008
Greenpeace is demanding New Zealand farmers be brought into the pending New Zealand emissions trading scheme earlier than the scheduled 2013.
NZ emissions trading regulations - what's in store
27 Mar 2008
Officials are working on a range of regulations to implement New Zealand's emissions trading system.
The 'official' report on economic impacts of NZ's ETS
27 Mar 2008
As report after report emerges from business-group funded studies on the likely impacts of New Zealand's emissions trading scheme, Carbon news provides a full copy of the Infometric's impact report, commissioned by Treasury's Emissions Trading Group .

Government needs to define clean coal future
26 Mar 2008
The Greenpeace action at Lyttelton last night will put further pressure on the Government to define the role of coal within the ETS and the wider battle against climate change. By far New Zealand’s biggest known energy resource is the 11 billion tonnes of low-grade lignite coal scattered through a dozen easily-accessible fields in Otago and Southland.

Three pillars to Wong’s emissions policy
26 Mar 2008
The three pillars of reducing emissions, adapting to unavoidable climate change and helping shape a global solution are at the heart of Australia’s greenhouse gas (GHG) policies, Australian Federal Climate Change Minister Penny Wong has told Carbon News.

Now it’s petrol giving the Aussies cold feet
26 Mar 2008
Never mind that the participation of agriculture and forestry in the Australian emissions trading scheme (ETS) looks like being left to the respective industries to decide, land transport may be allowed off the hook too.

Garnaut bucks Wong’s exclusion of agriculture: wants all permits auctioned
25 Mar 2008
Agriculture and forestry should be included in the Australian emissions trading scheme (ETS) despite Climate Change Minister Penny Wong’s preference for their exclusion, the Australian Federal Government’s principal climate change advisor, Professor Ross Garnaut says.

Ministry RFP reveals plan to measure tourism's GHG footprint
25 Mar 2008
New Zealand's $18.6 billion a year tourism sector is about to have its carbon footprint measured.

Cut company tax to 25%, Aussies plead
25 Mar 2008
A 5% cut in the company tax rate is being demanded by lobbyist Australian Industry Group (AIG) to cushion business from the financial impact of the emissions trading scheme (ETS) that Kevin Rudd’s Australian Labor Government intends implementing in 2010.

FULL VERSION: Discussion paper on the Australian Emissions Trading Scheme
25 Mar 2008
The Garnaut Climate Change Review has released its ETS discussion paper, which looks at which industries should be included in Australia's ETS, and issues like recycling revenue from the sale of emission permits.

Self-assessment the Kiwi ETS maxim
20 Mar 2008
A CARBON NEWS INQUIRY SERIES - By Hugh de Lacy: Don’t wait around for the Government to impose overseas standards on carbon assessment and verification: self-assessment is the core theme in the New Zealand emissions trading scheme (ETS), according to Dave Brash, general manager of the Treasury’s Emissions Trading Group.
American ETS cost estimates parallel New Zealand’s
20 Mar 2008
New Zealand seems to be pretty much on the button when it comes to forecasting the costs of its emissions trading scheme (ETS), to judge from the Environmental Protection Agency’s (EPA) guesstimate of the United States model.

The full bill: Climate Change (Emissions Trading and Renewable Preference)
20 Mar 2008
As a service to subscribers, Carbon News provides a full copy of the Climate Change (emissions Trading and Renewable Preference) Bill
Hansard debate record on the first reading of the NZ ETS bill
20 Mar 2008
As a service to subscribers, the Hansard report on the introduction of the bill proposing to introduce emissions trading in new Zealand, and ban new non-baseload thermal generation for 10 years can be viewed here (http://www.parliament.nz/en-NZ/PB/Debates/Debates/d/f/2/48HansD_20071212_00000817-Climate-Change-Emissions-Trading-and-Renewable.htm)
ETS briefing: the digest provided to MPs
20 Mar 2008
As a service to subscribers, Carbon news attaches (../../attachments/docs/bill-digest-1587climatechangeemissionstrading1.pdf) the Digest briefing provided to MPs on the Climate Change (Emissions Trading and Renewable Preference) Bill.

No swerving from ETS – Cullen
19 Mar 2008
Finance Minister Dr Michael Cullen's office says he is adamant the global economic downturn will not deflect the Government from its decision to introduce an emissions trading scheme (ETS) this year.

Could Clark deliver a personal climate change tax credit?
19 Mar 2008
Could the Clark Government come up with a one-off cash Climate Action Dividend in this year’s Budget, to offset higher costs people will face to pay for its climate change measures?

Smith reveals National’s goal for integrated trans-Tasman ETS, plans to protect emitting industries beyond 2025
18 Mar 2008
Avoiding a repeat of Labour’s economic strip-tease of the 1980s, and integrating the New Zealand emissions trading scheme (ETS) with Australia’s will be key planks in the National Party’s climate change policy at this year’s general election.

Key backs ETS – with balance
18 Mar 2008
Opposition Leader John Key says his party supports the proposed New Zealand emissions trading system, describing it as “a good model, market-based, it works”. He also talked of further reforming the planning laws so renewable energy projects could proceed.

Business leader says to trust prices to look after the environment
18 Mar 2008
Businesses should reinforce their belief in the power of markets to put a price on carbon and take care of the environment.

EXCLUSIVE: Government to plead for forest off-setting option
17 Mar 2008
The Government will plead with its Kyoto Protocol partners to introduce forest offsetting to the rules covering the second commitment period from 2012 to 2025, but its chances of success are remote, a well-placed source has told Carbon News.

Business wants New Zealand to go nuclear on emission credits
17 Mar 2008
Businesses being required to enter New Zealand’s emissions trading scheme want to be able to trade nuclear-sourced emissions credits.
Corporate tax group's views on treatment of New Zealand emission trading units
12 Mar 2008
Inland Revenue is being asked to clarify how emissions trading units, used in the coming New Zealand emissions trading scheme, will be treated. This paper prepared by Deloitte for the Corporate Tax Group (representing 32 major corporations) and submitted to the IRD, sets out the issues – and proposed solutions in how ETUs should be treated for tax purposes.