Consultation on the Government’s proposed changes to the New Zealand ETS
In 2011, an independent panel reviewed the ETS to consider how it should evolve over the next five years. The Panel consulted widely, receiving more than 150 submissions from the public, businesses and NGOs.
The Panel recommended that the Government provide for a gradual transition to full obligations in the short term, but give businesses certainty about when they will face the full cost of their emissions. The Panel also recommended that the Government change aspects of how forestry is treated in the scheme, especially in regard to pre-1990 forests. The ETS also needs to reflect developments on the international front.
A consultation document (PDF, 4.47 MB) has been published setting out the proposed changes and a number of regional hui and public meetings have been scheduled to discuss the proposed changes.
The Government wishes to consult on the following questions:
- What do you think of the overall package of amendments the Government is proposing to make to the ETS as outlined in the consultation document?
- Should the Government adjust the level of compensation to pre-1990 forest landowners in light of the introduction of offsetting?
- If the Government was to adjust the level of compensation, which of the three options for adjusting the second tranche of allocation, as outlined in this document, do you prefer and why?
- a full removal of the second tranche of pre-1990 compensation for all eligible landowners
- a reduction of the second tranche of pre-1990 compensation for all eligible landowners
- a removal of the second tranche of pre-1990 compensation only for those landowners who take up offsetting.
- If a reduction of the second tranche is your preferred option (option 3b) what do you consider the most desirable way to do this and why?