Climate Change Response Act 2002
Encyclopedia
The Climate Change Response Act 2002 is an Act of Parliament passed by the government of New Zealand
.
The Climate Change Response Act 2002 creates the legal framework for New Zealand to ratify the Kyoto Protocol
and to meet obligations under the United Nations Framework Convention on Climate Change
.
It sets out powers for the Minister of Finance to manage New Zealand’s holdings of Assigned amount units
and to trade Kyoto-compliant emission units (carbon credits) on the international market.
It establishes a registry to record holdings and transfers of emission units.
It establishes a national inventory agency to record and report greenhouse gas emissions.
The legislative purposes of the Climate Change Response Act 2002 are;
The Climate Change Response (Emissions Trading) Amendment Act 2008
established the Fifth Labour Government of New Zealand
's version of the New Zealand Emissions Trading Scheme
in September 2008.
Part 4 of the Climate Change Response Act sets out the New Zealand Emissions Trading Scheme
.
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
.
The Climate Change Response Act 2002 creates the legal framework for New Zealand to ratify the Kyoto Protocol
Kyoto Protocol
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...
and to meet obligations under the United Nations Framework Convention on Climate Change
United Nations Framework Convention on Climate Change
The United Nations Framework Convention on Climate Change is an international environmental treaty produced at the United Nations Conference on Environment and Development , informally known as the Earth Summit, held in Rio de Janeiro from June 3 to 14, 1992...
.
It sets out powers for the Minister of Finance to manage New Zealand’s holdings of Assigned amount units
Assigned amount units
An Assigned Amount Unit is a tradable 'Kyoto unit' or 'carbon credit' representing an allowance to emit greenhouse gases comprising one metric tonne of carbon dioxide equivalents calculated using their Global Warming Potential....
and to trade Kyoto-compliant emission units (carbon credits) on the international market.
It establishes a registry to record holdings and transfers of emission units.
It establishes a national inventory agency to record and report greenhouse gas emissions.
The legislative purposes of the Climate Change Response Act 2002 are;
- to enable New Zealand to meet its obligations under the United Nations Framework Convention on Climate ChangeUnited Nations Framework Convention on Climate ChangeThe United Nations Framework Convention on Climate Change is an international environmental treaty produced at the United Nations Conference on Environment and Development , informally known as the Earth Summit, held in Rio de Janeiro from June 3 to 14, 1992...
and the Kyoto ProtocolKyoto ProtocolThe Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...
, and, - to provide for the a New Zealand Emissions Trading SchemeNew Zealand Emissions Trading SchemeThe New Zealand Emissions Trading Scheme is a national all-sectors all-greenhouse gases all-free allocation uncapped emissions trading scheme...
for greenhouse gases that reduces net emissions below business-as-usual levels.
The Climate Change Response (Emissions Trading) Amendment Act 2008
Climate Change Response (Emissions Trading) Amendment Act 2008
The Climate Change Response Amendment Act 2008 was a statute enacted in September 2008 by the Fifth Labour Government of New Zealand that established the first version of the New Zealand Emissions Trading Scheme, a national all-sectors all-greenhouse gases uncapped emissions trading...
established the Fifth Labour Government of New Zealand
Fifth Labour Government of New Zealand
The Fifth Labour Government of New Zealand was the government of New Zealand between 10 December 1999 and 19 November 2008.-Overview:The fourth National government, in power since 1990, was widely unpopular by 1999, with much of the public antagonised by a series of free-market economic reforms,...
's version of the New Zealand Emissions Trading Scheme
New Zealand Emissions Trading Scheme
The New Zealand Emissions Trading Scheme is a national all-sectors all-greenhouse gases all-free allocation uncapped emissions trading scheme...
in September 2008.
Part 4 of the Climate Change Response Act sets out the New Zealand Emissions Trading Scheme
New Zealand Emissions Trading Scheme
The New Zealand Emissions Trading Scheme is a national all-sectors all-greenhouse gases all-free allocation uncapped emissions trading scheme...
.
See also
- Climate change in New ZealandClimate change in New ZealandClimate change in New Zealand, in the sense of anthropogenic global warming during the 20th century, is apparent in the instrumental record, in New Zealand's participation in international treaties and in social and political debates. Climate change is being responded to in a variety of ways by...
- New Zealand Emissions Trading SchemeNew Zealand Emissions Trading SchemeThe New Zealand Emissions Trading Scheme is a national all-sectors all-greenhouse gases all-free allocation uncapped emissions trading scheme...
- New Zealand environmental lawNew Zealand environmental lawEnvironmental law in New Zealand is an increasingly well defined body of national law that has a specialist court, The Environment Court of New Zealand , to decide related issues.-History:...
- Politics of global warmingPolitics of global warmingThe politics of global warming have involved corporate lobbying, funding of special interest groups and public relations campaigns by the oil and coal industries which have affected policy decisions and legislation worldwide...