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FYI Climate Change & Emissions Trading

The Simpson Grierson Climate Change and Emissions Trading newsletters provide information on climate change issues including developments with New Zealand's Emissions Trading Scheme (ETS) Regime and Carbon Trading.

It's not easy being green
Sep 2008

In an era of carbon neutrality and growing environmental awareness, the word 'sustainability' has become as com- mon place in business circles as 'profitability'. Consumer awareness and preference for products that are certified environmentally friendly mean that business has little choice but to respond. But it is not easy being green.
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Select Committee Report -
Emissions Trading Scheme and
Forestry

Jul 2008

In our last FYI on New Zealand's Emissions Trading Scheme (ETS) we touched on some of the highlights of the Select Committee report on the Climate Change (Emissions Trading and Renewable Preference) Bill (Bill).

In this FYI we focus on some of the detail of the changes to the Bill with implications for the forestry sector. We also provide a brief update on other aspects of the Government's climate change initiatives as they relate to forestry. In particular the Afforestation Grant Scheme and the Permanent Forest Sinks Initiative.

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Paying The Cost of Carbon -
An Update On New Zealand's
Emissions Trading Scheme

Jun 2008

The Select Committee report on the Climate Change (Emissions Trading and Renewable Preference) Bill (Bill) was released on 16 June 2008. It has been one of the most eagerly awaited Select Committee reports, with extensive submissions on the topic. With a slowing economy and a general election looming towards the end of 2008, a complex mix of economic and political considerations raise some interesting challenges if the Bill is to pass into law before the election. We examine the Bill and assess how the Select Committee report (and reaction to the report) will affect the implementation of the New Zealand Emissions Trading Scheme (NZETS).
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Climate Change
Nov 2007

Not surprisingly climate change, renewable energy and CO2 emissions have been contentious issues under the RMA. The debate was further fuelled by the Resource Management (Energy and Climate Change) Amendment Act 2004 (2004 Amendment). Starting with the position prior to the 2004 Amendment, this FYI discusses the current situation, recent case law developments, and the implications of the development in 2008 of a National Policy Statement on renewable electricity generation.
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Emissions Trading
Tax Issues

Oct 2007

Government released a paper on 24 September 2007, to address New Zealand Emissions Trading Scheme (NZETS) tax issues (Footnote 1). Appropriate tax treatment of NZ Units is important to ensure that the policy rationale underlying the design of the NZETS, in particular the policy reasons underlying the free allocation of NZ Units, are not subverted.
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Emissions Trading Scheme &
Forestry, Overview & Issues

Oct 2007

In this FYI we focus on Government's proposals as to the application of the Emissions Trading Scheme (ETS) to forestry. Based on our own analysis and discussions with others in the forestry sector we provide some comment and identify legal issues that will need to be worked through.
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Climate Change - the
New Zealand Emissions
Trading Scheme unveiled

Sep 2007

Government's long awaited proposals for an emissions trading scheme for New Zealand have finally been unveiled, with the release of "The Framework for a New Zealand Emissions Trading Scheme" policy document on Thursday, 20 September 2007.

The framework document sets out the "in-principle" decisions Government has made about the introduction, objectives and core design of an emission trading scheme for New Zealand.

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