Sustainability AlertAssistance for emissions intensive trade exposed industries |
The Climate Change Response (Moderated Emissions Trading) Amendment (CCRA) Act was passed into law on 8 December 2009. One of the main objectives of the Act was to better address the impacts of the Emissions Trading Scheme on the competiveness of trade exposed New Zealand industries. This is to be achieved by the introduction of government assistance to “emissions intensive, trade exposed” industries.
Assistance is provided in the form of an allocation of New Zealand Units (NZUs) in respect of eligible specific “activities”.
On December 16 the Ministry for the Environment issued a Consultation Document on the development of Industrial Allocation regulations (available from www.climatechange.govt.nz) and is seeking feedback on proposed activity definitions and to identify further activities which may be eligible for assistance.
As the impact of the ETS will become a reality from 1 July 2010, the Government is working to a tight timeframe for the drafting and consultation process on the regulations. The activity definition process requires industry to provide information on proposed emissions intensive activities, which will include emissions, output and revenue information, including proposed activity definitions. If a company does not participate in the provision of information for defining new activities, that company will not be entitled to assistance. Therefore it is critical that all companies consider whether their industry has activities which are potentially eligible for assistance.
Assistance for emissions intensive trade exposed industries
(69.03 KB)
