16-Nov-2015 12:00

Updating the new zealand emissions trading scheme American hot milfs dating sites

The New Zealand Emissions Trading Scheme (NZ ETS) was legislated through the Climate Change Response Act (2002) in September 2008 and amended in November 2009.On 1 July 2010 the stationary energy and industrial processes sector and liquid fossil fuels sector joined the the forestry sector in being directly affected by the NZ ETS.The Government is reviewing the New Zealand Emissions Trading Scheme to assess how it should evolve to support New Zealand in meeting future emissions reduction targets and its ongoing transition to a low emissions economy.

25, 2008, available at//gov/lawweb/servlet/lloc_news? disp3_l20540747_text.) That scheme was put on hold by the new government because it considered that revisions were needed to take the recession into account and to ensure that the scheme was more closely aligned with Australia's proposed Carbon Pollution Reduction Scheme, which is currently being debated in the Senate there. 25, 2009), available at The industrial, energy, and transport sectors will now be required to enter into the emissions trading scheme from July 1, 2010.

The agricultural sector will not enter the scheme until 2015. Dr Nick Smith, Third Reading, Climate Change Response (Moderated Emissions Trading) Amendment Bill (2009), New Zealand House of Representatives, Nov.

Closing dates for submissions On 8 November 2012, the Government passed legislation amending the NZ ETS.

The purpose of the changes is to maintain the costs that the ETS places on the economy at current levels.

This will ensure businesses and households do not face additional costs during the continued economic recovery; and that New Zealand continues to do its fair share on climate change.

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For the 2015 compliance year onwards the NZ ETS is currently a domestic only scheme with no international linking.

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