Carbon trading, emissions trading scheme and climate change updates

Carbon Forests
12 Oct 21

With the dramatic increase in the price of NZUs over the last few years, a number of rural land owners are starting to think seriously about carbon forestry. Anderson Lloyd has advised a number of clients about the legal options and structures for implementing a ...

Ināia totu nei: A low emissions future for Aotearoa – Agri sector
5 Oct 21

In early June 2021, the Climate Commission published its report to the Government on its first three emissions budgets and directions for emissions reduction plan 2022-2025. The purpose of this article is to summarise the Commission's recommendation in respect of the Agri Sector, but first, ...

Native trees to be planted on unusable forestry land to protect waterways
16 Sep 21

Article published on Stuff website on Tuesday 7 September 2021 One of the country’s largest forestry plantation owners, Aratu Forests, has signed a 90-year agreement with eLandNZ to plant native trees on unusable land, creating permanent buffers alongside waterways. The partnership, brokered by law firm ...

Emissions Trading Scheme – auctions and how they work
13 Sep 21

After the third Emissions Trading Scheme auction saw the $50 price ceiling exceeded, the Government released additional credits into the market. We revisit how the auction process works and what happened at the latest auction on 1 September. Background Auctions were introduced as part of ...

Promised RM Reform on track – Exposure Draft released for public feedback
30 Jun 21

Cabinet has approved the exposure draft of the proposed Natural and Built Environments Act (NBA). The NBA will provide for land use and environmental regulation and will be the primary piece of legislation to replace the Resource Management Act 1991 (RMA). The NBA, along with ...

ETS Reforms – Pricing considerations
8 Sep 20

The recent passing of the Climate Change Response (Emissions Trading Reform) Amendment Act makes a number of reforms to the ETS which are aimed at ensuring it is a more effective tool to help meet NZ's emission reduction targets. Key changes include the introduction of ...

Overview of the changes to the Climate Change Response (Emissions Trading Reform) Amendment Act
13 Aug 20

On 22 June 2020, the Climate Change Response (Emissions Trading Reform) Amendment Bill received royal asset, introducing updates to the Emissions Trading Scheme (ETS) In pursuit of improving the ETS, the Climate Change Response (Emissions Trading Reform) Amendment Bill (Bill) has received royal asset, amending ...

Proposed changes to the New Zealand Emissions Trading Scheme and Climate Change Response Act 2002
24 Feb 20

An updated version of this article can be found here -    After undertaking reviews of the New Zealand Emissions Trading Scheme (ETS) in 2015 – 2016, the Government has now acknowledged the current ETS is not being utilised to its full potential. In pursuit ...

Update on Zero Carbon Bill and agricultural emissions
14 Nov 19

The Zero Carbon Bill has been passed with bi-partisan support, while the Government has agreed to work with farmers to reduce emissions outside of the Emissions Trading Scheme (ETS). Zero Carbon Bill The Government passed the Zero Carbon Bill last week with near unanimous support. ...

Government taking action on agricultural emissions
19 Jul 19

The Government has released details of its proposals for lowering agricultural emissions and is now seeking your feedback. Reducing agricultural emissions is a key part of the Government’s plans to transition to a low-emission economy and achieve its 2050 targets in the Zero Carbon Bill. ...

For more information contact:

Richard Greenaway

richard.greenaway@al.nz