Part 5: ETS sectors

The Emissions Trading Scheme - summary information for public entities and auditors.

5.1 Forestry

Forestry was the first sector to come under the ETS, with disincentives to deforestation and incentives for afforestation being in effect from 1 January 2008.

Forests are New Zealand’s largest potential carbon sinks. As trees grow, they absorb CO2 from the atmosphere and store it in their trunks, branches, leaves, and roots. The amount of carbon stored in a forest depends on factors such as species, site conditions, level of cover, and how long it has been growing.

When the trees are harvested, the carbon stored in them is released as the wood decays. Under the ETS, the carbon is assumed to be immediately released back into the atmosphere from the wood taken off site as part of the harvest. Harvest residues left on site are assumed to decay over 10 years under New Zealand conditions.

Under the Act, forest species are those capable of growing at least five metres high at maturity in the place that they are growing, excluding those grown primarily for fruit and nuts.

Forest land is an area of at least one hectare with forest species that have or are likely to have:

  • tree crown (the canopy of the tree) that covers more than 30% of each hectare; and
  • average crown cover width of at least 30 metres.9

The Act classifies forests depending on whether they were first established after 31 December 1989 (these are referred to as “Kyoto Protocol-compliant forests” and “post-1989 forests”) or before 1 January 1990 (“pre-1990 forests”). Under the Kyoto Protocol, 1 January 1990 is an important date because 1990 is the base year for measuring emissions reductions.

A significant number of public entities in local government and central government have interests in forests and will have to consider the effect of the ETS on their forestry operations.

5.1.1 Pre-1990 forests

Pre-1990 forests are forests that were established before 1 January 1990 and that were in exotic forest cover on 1 January 2008.

Indigenous forests established before 1990 are completely excluded from the ETS. The carbon stocks of these forests are considered to be in a steady state overall, so New Zealand does not earn carbon credits for them internationally under Kyoto Protocol rules. New Zealand does have to account for any deforestation of these forests under the Kyoto Protocol rules, but no significant deforestation of these forests is expected because of protections provided by other legislation (such as the Resource Management Act 1991 and the Forests Act 1949).

NZUs cannot be earned for an increase in the carbon stock (through forest growth) in a pre-1990 forest. However, owners of land on which pre-1990 forests are planted are mandatory participants in the ETS when more than two hectares are deforested in any five-year period from 1 January 2008.

Deforestation is forest clearance followed by a demonstrable change to another land use – such as grazing. Deforestation is deemed to have occurred four years after clearing if each hectare has not been replanted or regenerated with at least 500 stems of forest species. It is also deemed to have occurred if the crown cover does not reach specified limits within 10 or 20 years, depending on forest type.

Provided that pre-1990 forests are re-established after harvesting (by replanting or regeneration), there are no liabilities or obligations under the ETS.

Landowners of pre-1990 forests must surrender NZUs equivalent to the carbon emissions from any deforestation. The detailed rules for determining deforestation emissions are set out in the Act and regulations,10 which include tables setting out the standard tonnes of CO2 per hectare for different tree species by age and for Pinus radiata by region. The Act and regulations also set out the compliance obligations of participants, including notification of deforestation, submitting emissions returns, opening a registry account (see section 7.2), and surrendering NZUs.

The first returns for deforestation emissions (for deforestation during 2008 and 2009) were due by 31 March 2010. The NZUs to meet these liabilities had to be surrendered by 31 May 2011. In future, returns for any deforestation in a calendar year will be due by 31 March of the following year. Similarly, NZUs that are required to be surrendered to meet any emissions liability must be surrendered by 31 May of the following year.

Only five entities were registered as deforestation participants and required to surrender NZUs by 31 May 2011. These included three public entities in the central government sector: New Zealand Transport Agency, Transpower, and Land Information New Zealand.

For pre-1990 forests, the ETS participants will generally be the forest landowners, who are not necessarily the forest crop owners.

Because of the penalties for deforesting, introducing the ETS has adversely affected the value of some pre-1990 forest land. The Government is partly-compensating the loss in value by providing an allocation of free NZUs to landowners of pre-1990 forests (except those who have applied for an ETS exemption – see section 6.2 for more information about the forestry allocation and exemptions).

5.1.2 Post-1989 forests

Post-1989 forests are exotic or indigenous forests established after 31 December 1989 on land that was not forest land on 31 December 1989. These forests earn credits under the Kyoto Protocol rules. Therefore, they are also known as “Kyoto Protocol-compliant” forests.

Participating in the ETS is voluntary for post-1989 forest owners. If they choose to enter the ETS, then they earn NZUs for the carbon sequestered in the forest from 1 January 2008, but will need to surrender NZUs to the Crown when the carbon held in their trees decreases, whether through harvest or natural causes (such as by fire or storm). Any liability for post-1989 participants is capped at the amount of NZUs previously claimed for that area of forest land.

The amount of carbon sequestered or released is determined using either standard tables or a field measurement approach based on measuring actual forest stock. Regulations11 for the field measurement approach were finalised in June 2011 and come into force in September 2011. The field measurement approach will be mandatory for all participants with 100 hectares or more of forest in the ETS. Participants with less than 100 hectares will be required to use the standard tables.12

The detailed rules for determining changes in carbon stocks in post-1989 forests are set out in the Act and regulations,13 as are the compliance obligations of participants. These obligations include proving eligibility of the forest, opening a registry account (see section 7.2), completing emissions returns, retaining supporting records, and – when required – surrendering NZUs.14

Post-1989 forestry participants must submit an emissions return for 1 January 2008 to 31 December 2012 by 31 March 2013. Additionally, participants may choose to file annual emissions returns for the change in carbon stock in a
calendar year. These voluntary annual emissions returns can be filed between 1 January and 31 March of the following year.

Participants who are entitled to NZUs for a net increase in carbon stocks will usually receive them within four weeks of their emissions return being submitted.15 This is subject to any additional information requested by MAF, which may also make a site visit to ensure that the number of units claimed is correct or carry out a compliance audit of an emissions return (before or after units are issued). Participants who need to surrender NZUs because of a net decrease in carbon stocks must surrender them within 20 working days of filing their emissions return.

Foresters who own post-1989 forests and who choose to participate in the ETS should register before the end of 2012. Registrations after this date will earn credits for forest growth only from 1 January 2013.

By 30 June 2011, over 1200 foresters with post-1989 forests had registered as participants. A number of public entities have registered, including: Wellington City, Hawkes Bay Regional, Mackenzie District, Southland District, Ashburton District, Marlborough District, and Kaikoura District Councils, and subsidiaries of Dunedin City, Invercargill City, and Gisborne District Councils.

Cabinet has decided that Crown-owned post-1989 forests will not participate in the ETS. However, forests owned by State-owned enterprises (SOEs), Crown entities, or other public bodies can participate, as can forests owned by the Crown in partnership with private-sector participants.

For post-1989 forests, the ETS participant will usually be the forest crop owner (because the forest sequesters the carbon). Where the forest is on land subject to a forestry right or a lease, the forest landowner will be an interested party from whom written permission is required to register as an ETS participant.

Owners of post-1989 forests do not receive any free NZUs under the forestry allocation because their participation in the ETS is voluntary.

Figure 2 summarises the significant differences between pre-1990 and post-1989 forests.

Figure 2
How the Emissions Trading Scheme affects pre-1990 and post-1989 forests

Figure 2: How the Emissions Trading Scheme affects pre-1990 and post-1989 forests.

5.1.3 Other forestry initiatives

In addition to the ETS, other complementary government programmes to encourage carbon sequestration in forests include:

  • the Permanent Forest Sink Initiative (PFSI); and
  • the Afforestation Grant Scheme (AGS).

The Ministry of Agriculture and Forestry is currently carrying out a review of these programmes. The review will consider performance, costs and benefits, issues, and opportunities, and will recommend future options.16 The review was expected to be completed by late June 2011.

Permanent Forest Sink Initiative

The PFSI is designed to promote the establishment of permanent forests on previously unforested land. It offers landowners an opportunity to earn credits for carbon sequestered in eligible permanent forests – that is, forests established after 1 January 1990 on land that was not forest land at 31 December 1989.

The eligible forest will be an exotic or indigenous forest that is established through direct human activity, either by planting or by facilitating natural regeneration.

Under the PFSI, forest owners will receive all the New Zealand Assigned Amount Units (AAUs) and associated liabilities associated with this forest land since 1 January 2008. As with the post-1989 ETS, forest owners are obliged to take responsibility for the ongoing net changes in the carbon stocks of their forests. They receive AAUs if those stocks increase as a result of tree growth and are required to surrender units if those stocks decrease as a result of activities or events such as harvesting or fire.

Owners of eligible forests have the choice of entering either the ETS or the PFSI. Major differences between the PFSI and the ETS are:

  • the PFSI creates a permanent forest sink with harvesting restrictions and limits on when a landowner can exit from the scheme;
  • the PFSI requires a covenant17 to be registered on the land for at least 50 years;
  • the ETS has no harvesting restrictions, and landowners can enter and leave at any time provided they pay back any NZUs received; and
  • post-1989 forestry participants in the ETS earn NZUs while PFSI participants receive AAUs.

By December 2010, 20 covenants, covering 5319 hectares, were registered under the PFSI initiative.18 The 2010 Budget included an appropriation of $7.5 million19 in Vote Climate Change for the PFSI. The 2011 Budget had an appropriation of $10.0 million.

Afforestation Grant Scheme

The AGS is designed to encourage new Kyoto Protocol-compliant forests (see section 5.1) to increase greenhouse gas absorption. Landowners can receive a grant for establishing a new forest on land that was not forested on 31 December 1989. Land that has entered the ETS or the PFSI is not eligible. Grant recipients own the new forests while the Crown retains the carbon credits generated during the 10-year period of the grant agreement. The amount of a grant is determined by the carbon sequestration rate of the proposed forest.

There are two pools of funding, one administered by MAF and one administered by participating regional councils. The grant pools are limited. The administrator has discretion about accepting grant applications. Preference is given to applications that meet the scheme’s other environmental objectives (reduce risk of soil erosion, improve water quality and indigenous diversity).

The 2010 Budget included an appropriation of $5.8 million20 in Vote Agriculture and Forestry for the AGS. The 2011 Budget had an appropriation of $7.0 million.

The PFSI and the AGS both encourage the establishment of new forests. The main differences are:

  • the PFSI forester fully funds the forest and retains the carbon credits generated;
  • the Crown retains the carbon credits generated from AGS forest, having subsidised the forest establishment through the grant fund;
  • the length of obligations (50-year covenants for PFSI forests, 10-year periods for AGS forest); and
  • the AGS has broader environmental objectives than absorbing carbon.

5.2 Stationary energy

“Stationary energy” is the term used in the Act for the sector that includes all fuels used in generating electricity, generating industrial heat, and refining petroleum. It does not include energy used for transport, emissions from industrial processes, or heating used in commercial or residential facilities.

The main ETS participants in this sector will be those that:

  • import coal or natural gas;
  • mine coal or natural gas, unless for export;
  • use geothermal fluid to generate electricity or industrial heat;
  • burn waste oil, tyres, or general waste for generating electricity or industrial heat; and
  • refine petroleum (applicable only to Marsden Point, which is New Zealand’s only oil refinery).

The ETS targets those that produce or import the raw materials that are later used to generate energy. The ETS obligations do not necessarily sit with the end user of the materials who actually generates the emissions. However, the Act provides for businesses to voluntarily opt in to the ETS for activities that use energy if they buy more than 250,000 tonnes of coal a year from coal mining participants, or buy more than 2 petajoules of natural gas a year from gas mining participants. Once they become a participant, all of the requirements of the ETS are mandatory for them.

Public entities that have registered as ETS participants in the stationary energy sector include the following SOEs or their subsidiaries: Solid Energy (for mining coal), Genesis Power (for importing coal, purchasing coal, and mining natural gas), and Mighty River Power (for purchasing natural gas and using geothermal fluid).

Emissions are generally calculated using “default emissions factors” (DEFs)21 for each activity (for example, per terajoule of a class of coal or gas). However, in some circumstances, participants can apply to use unique emissions factors to more accurately calculate their specific emissions. The criteria for unique emissions factors are fairly onerous, including a prescribed sampling and testing regime with results verified by a recognised verifier. Using default emissions factors minimises the transaction costs for ETS participants.

The detailed rules for determining stationary energy emissions are set out in the Act and regulations,22 as are the compliance obligations of participants once they have applied to join the ETS. These obligations include registering as a participant, opening a registry account, completing annual emissions returns, retaining supporting records, and, when required, surrendering NZUs.

The stationary energy participants have been required to report emissions since 1 January 2010. For 2010, they were required to surrender NZUs to the Crown only for emissions occurring between 1 July and 31 December. From 2011, surrender obligations apply to emissions for the full year. Participants are required to submit an emissions return for each calendar year by 31 March of the following calendar year. NZUs must then be surrendered by 31 May of that year.

The first date that the participants were required to surrender NZUs was 31 May 2011.

No free NZUs will be allocated to stationary energy participants, because they are able to pass on the cost of their ETS obligations to their customers.

5.3 Industrial processes

Industrial process emissions occur when materials are changed from one substance into another in an industrial setting. Chemical reactions involved in these processes cause emissions.

The ETS covers the CO2 emissions generated by producing iron, steel, aluminium, cement clinker, burnt lime, glass, and gold. It also covers perfluorocarbons generated by producing aluminium. Companies that produce any of these substances are mandatory participants in the ETS.

No public entities have registered as ETS participants in the industrial processes sector.

There are detailed and complex rules for determining emissions for each of the industrial processes covered by the ETS. These are set out in the Act and regulations,23 as are the compliance obligations of participants once they have applied to join the ETS. These obligations include registering as a participant, opening a registry account, completing reporting requirements and annual emissions returns, retaining supporting records and, when required, surrendering NZUs.

Participants from the industrial processes sector have the same reporting and surrender obligations as apply to stationary energy sector participants (see section 5.2). The first date for surrender of NZUs for industrial processes participants was 31 May 2011.

Free NZUs will be allocated to those entities that qualify as emissions-intensive and trade-exposed (see section 6.4).

5.4 Liquid fossil fuels

Most forms of travel burn liquid fossil fuels, such as petrol and diesel. Using these fuels results in emissions of greenhouse gases.

Suppliers (for example, BP and Mobil) that take fuel from the refinery or that import it, are required to participate in the ETS and surrender NZUs to cover the emissions that result from the fuel they buy. Individual vehicle users are not directly involved in the ETS.

The fuels covered by the ETS include petrol, diesel, aviation gasoline, jet kerosene, light fuel oil, and heavy fuel oil. Biofuels are specifically excluded. Fuel used for international aviation and for international marine transport is exempt from the ETS, in line with the Kyoto Protocol.

No public sector entities are mandatory participants in the liquid fossil fuels sector. However, entities that use large quantities of jet fuel can also choose to become participants in the scheme. Air New Zealand and its subsidiary airlines have registered.

Emissions must be calculated using default emissions factors for each type of fuel (although there is provision to apply for a unique emissions factor in limited circumstances). The detailed rules for determining liquid fossil fuel emissions are set out in the Act and regulations,24 as are the compliance obligations of participants once they have applied to join the ETS. These obligations include registering as a participant, opening a registry account, completing annual emissions returns, retaining supporting records and, when required, surrendering NZUs.

The same reporting and surrender obligations apply to liquid fossil fuel participants as for stationary energy and industrial processes participants (see sections 5.2 and 5.3). The first date for surrender of NZUs for liquid fossil fuels participants was 31 May 2011.

Free NZUs will not be allocated to suppliers of liquid fossil fuels because they are able to pass on the costs of their ETS obligations to their customers.

5.5 Waste

The solid waste disposal sector enters into the ETS from 1 January 2013. Under the Act, the operator of a waste disposal facility is a mandatory participant in the ETS. A disposal facility is defined as:

any facility, including a landfill,—

(a) at which waste is disposed; and

(b) at which the waste disposed includes waste from a household that is not entirely from construction, renovation, or demolition of a house; and

(c) that operates, at least in part, as a business to dispose of waste; but

(d) does not include a facility, or any part of a facility, at which waste is combusted for the purpose of generating electricity or industrial heat.

It is expected that most, if not all, solid waste disposal facilities operated by local authorities will meet this definition. Given the 2013 entry date, no participants in this sector were registered in the New Zealand Emission Unit Register (NZEUR) at 30 June 2011.

In September 2010, regulations25 providing much of the detail about how the ETS will apply to waste disposal were finalised, so it is now clearer how the ETS will apply.

Disposal facilities create methane emissions by breaking down of organic waste. In recent years, these methane emissions have been reducing because operators have been implementing landfill gas collection systems. Some of these systems destroy the methane by “flaring”, other systems use the methane to produce energy.

Any methane emissions from waste disposal facilities that are no longer receiving waste are not covered by the ETS.

Operators of waste disposal facilities will be required to surrender one NZU for each tonne of CO2-equivalent emissions. Emissions will be calculated by applying either the default emissions factor or a unique emissions factor to the tonnage of solid waste disposed of at the facility for a particular period.

Operators can apply to use a unique emissions factor for the following:

  • site-specific analysis of waste composition – this favours those landfills that have a lower proportion of organic material in either their total waste or certain classes or sources of waste; and
  • landfill gas collection – which favours those operators that collect their landfill gas.

There are detailed regulations on how to determine the unique emissions factors.26

The Act and regulations also set out compliance obligations for participants once they have applied to join the ETS. These obligations include registering as a participant, opening a registry account, completing annual emissions returns, retaining supporting records and, when required, surrendering NZUs.

For operators of waste disposal facilities, the deadline for registering as a participant is 31 January 2012.

Emissions are reported yearly. Operators may voluntarily report their emissions for the 2011 calendar year. For the 2012 calendar year, there is mandatory reporting but no requirement to surrender NZUs for the emissions. For the 2013 calendar year, operators must report their emissions by 31 March 2014 and surrender NZUs equal to their emissions by 31 May 2014.

Operators already have to report their waste tonnage to the Ministry for the Environment to determine the waste disposal levy under the Waste Minimisation Act 2008. Therefore, additional compliance costs should be minimal to meet the reporting requirements of the ETS, particularly if the default emissions factor is used.

Participants from the waste disposal sector will not be allocated free NZUs because they are expected to pass on the cost of their ETS obligations to their customers.

The ETS is expected to cost landfill operators about $27.50 per tonne of waste, based on a price of $25 per NZU and using the default emissions factor.27

5.6 Synthetic gases

The synthetic gases sector is due to enter into the ETS on 1 January 2013. Under the Act, the importers of certain synthetic gases (and most goods containing them) are mandatory participants in the ETS. The synthetic gases included in the ETS are:

  • hydrofluorocarbons – used in refrigeration, air conditioning, aerosols, fire protection, and foam blowing;
  • perfluorocarbons – used in refrigeration and air conditioning; and
  • sulphur hexafluoride – used as an insulator in high-voltage electrical generation, transmission, and distribution equipment.

Synthetic greenhouse gases are often released slowly into the atmosphere because of consumption or leakage, or on disposal at the end of the life of the product that they are in (such as when cars are dumped).

They have very high global warming potential compared with CO2. A kilogram of sulphur hexafluoride, for example, has the effect of almost 24 tonnes of CO2. Consequently, in the bulk gas market, it is expected that the ETS will noticeably increase the price of synthetic greenhouse gases.

Few public entities are expected to be ETS participants in the synthetic gases sector. However, given their use in electrical equipment, some public entities in the electricity sector may be affected, as will any that import fire protection or air conditioning equipment, including equipment in motor vehicles. Given the 2013 entry date, no participants in this sector were registered in the NZEUR by 30 June 2011.

Importers of these synthetic gases will have obligations to report their activities under the ETS. Voluntary reporting began on 1 January 2011, with mandatory reporting from 1 January 2012. From 1 January 2013, participants must surrender NZUs to match their emissions.

Businesses that export (or destroy) synthetic gases (in bulk or in products) can voluntarily register as participants in the ETS. From 1 January 2013, they will be eligible to receive NZUs for reducing CO2-equivalent emissions within New Zealand from the synthetic gases that they export.

The detailed rules for determining synthetic gas emissions and removals are set out in the Act and regulations,28 as are the compliance obligations of participants once they have applied to join the ETS. These obligations include registering as a participant, opening a registry account, completing annual emissions returns, retaining supporting records and, when required, surrendering NZUs. The deadline for synthetic gas participants to register is 31 January 2012.

The regulations29 exempt:

  • goods for personal and non-business use;
  • goods that have medical use necessary for human health (for example, inhalers);
  • aircraft and ships passing through New Zealand that contain these gases in their refrigeration systems;
  • a person’s first 100 tonnes of emissions from importing each of motor vehicles, ships, or aircraft; and
  • goods that contain synthetic gases because the product consumed the gas when it was made (for example, insulation foam).

There will be no allocation of free NZUs to participants in the synthetic gases sector because they are expected to pass on the cost of their ETS obligations to their customers.

The terms of reference for the first statutory review of the ETS require the review team to give particular attention to certain issues, including: “the inclusion of synthetic greenhouse gases within the ETS, taking into account alternative approaches to reducing such emissions.” The Review Panel’s issues statement30 discusses a range of other policy measures that could potentially be used to reduce synthetic gas emissions either instead of or in conjunction with the ETS.

5.7 Agriculture

The agriculture sector is to be the last to enter the ETS (on 1 January 2015). However, as consumers of products of other sectors, farmers will see increases in input costs at earlier dates.

Agriculture emissions are non-CO2 emissions from agricultural production. About two-thirds of these emissions are methane from ruminant livestock such as cows. The remaining one-third is nitrous oxide from animal excrement and nitrogen fertiliser applied to pasture.

Agriculture sector participants will be:

  • those who process meat from ruminant animals, pigs, or poultry;
  • exporters of live cattle, sheep, or pigs;
  • milk processors;
  • egg producers; and
  • nitrogen fertiliser manufacturers and importers.

There are some exemptions and thresholds below which registration is not required. In general, individual farmers (except larger-scale egg producers) will not need to register and directly participate in the ETS.

A small number of public entities operate farms, but because the participants are processors, few if any public entities are expected to be participants in the agriculture sector. Given the late entry of agriculture into the ETS, there were no agriculture sector participants registered in the NZEUR at 30 June 2011.

Under the ETS, participants from the agriculture sector will be required to surrender NZUs for emissions from the listed activities. Emissions are calculated by applying default emissions factors to the quantity of product.

Agriculture sector participants will have obligations to report their activities under the ETS. Voluntary reporting began on 1 January 2011, with mandatory reporting from 1 January 2012. Participants do not need to surrender NZUs to match their emissions until the period starting 1 January 2015.

The detailed rules for determining agricultural emissions are set out in the Act and regulations,31 as are the compliance obligations of participants once they have applied to join the ETS. These obligations include registering as a participant, opening a registry account, completing annual emissions returns, retaining supporting records and, when required, surrendering NZUs. The deadline for agriculture sector participants to register is 31 January 2012.

There will be an allocation of free NZUs to the agriculture sector from 2015, as partial compensation for the increased costs the sector will face under the ETS. This is discussed further in Part 6.

9: Shelterbelts and riparian strips are not usually forest land. For more information, see: Ministry of Agriculture and Forestry (November 2010), Introduction to Forestry in the Emissions Trading Scheme, at www.maf.govt.nz/forestry/forestry-in-the-ets and section 4 of the Climate Change Response Act 2002.

10: Climate Change (Forestry Sector) Regulations 2008.

11: Climate Change (Forestry Sector) Amendment Regulations 2011.

12: Ministry of Agriculture and Forestry (23 March 2011), Sustainable Forestry Bulletin, Issue 25.

13: Climate Change (Forestry Sector) Regulations 2008.

14: For more information, see MAF’s May 2011 guide: A Guide to Forestry in the Emissions Trading Scheme, available at www.maf.govt.nz.

15: Ministry of Agriculture and Forestry (May 2011), A Guide to Forestry in the Emissions Trading Scheme, page 19.

16: For more information, see: Ministry of Agriculture and Forestry (December 2010), Review of MAF Afforestation Schemes discussion document 2010.

17: A covenant is a contract between the landowner and the Crown. For more information on these covenants, see: Ministry of Agriculture and Forestry (July 2008), Permanent Forest Sink Initiative Guidelines, available at www.maf.govt.nz.

18 Ministry of Agriculture and Forestry (December 2010), Review of MAF Afforestation Schemes discussion document 2010, page 9.

19: As adjusted by the Supplementary Estimates of Appropriations for the year ended 30 June 2011.

20: As adjusted by the Supplementary Estimates of Appropriations for the year ended 30 June 2011.

21: For more information on DEFs, see: Ministry for the Environment (October 2009), Emissions trading bulletin No. 13: Climate Change (Stationary Energy and Industrial Processes) Regulations 2009. This is available at: www.mfe.govt.nz/publications/climate/emissions-trading-bulletin-13/.

22: Climate Change (Stationary Energy and Industrial Processes) Regulations 2009.

23: Climate Change (Stationary Energy and Industrial Processes) Regulations 2009.

24: Climate Change (Liquid Fossil Fuels) Regulations 2008.

25: Climate Change (Waste) Regulations 2010.

26: Climate Change (Unique Emissions Factors) Regulations 2009.

27: Ministry for the Environment (2011), Emissions Trading Scheme Review 2011: Issues statement and call for written submissions, March 2011, Emissions Trading Scheme Review Panel, Wellington, page 22.

28: Climate Change (Stationary Energy and Industrial Processes) Regulations 2009 and Climate Change (Other Removal Activities) Regulations 2009.

29 Climate Change (General Exemptions) Order 2009.

30 Ministry for the Environment (2011), Emissions Trading Scheme Review 2011: Issues statement and call for written submissions, March 2011, Emissions Trading Scheme Review Panel, Wellington.

31: Climate Change (Agriculture Sector) Regulations 2010.

page top