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New Zealand Emissions Trading Scheme
The New Zealand Emissions Trading Scheme (NZ ETS) is an all-gases partial-coverage uncapped domestic emissions trading scheme that features price floors, forestry offsetting, free allocation and auctioning of emissions units. The NZ ETS was first legislated in the Climate Change Response (Emissions Trading) Amendment Act 2008 in September 2008 under the Fifth Labour Government of New Zealand and then amended in November 2009 and in November 2012 by the Fifth National Government of New Zealand. The NZ ETS was until 2015 highly linked to international carbon markets as it allowed unlimited importing of most of the Kyoto Protocol emission units. There is a domestic emission unit; the 'New Zealand Unit' (NZU), which was initially issued by free allocation to emitters until auctions of units commenced in 2020. The NZU is equivalent to 1 tonne of carbon dioxide. Free allocation of NZUs varied between sectors. The commercial fishery sector (who are not participants) received a one-off ...
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New Zealand General Election, 2008
New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, 1995 Songs * "New" (Daya song), 2017 * "New" (Paul McCartney song), 2013 * "New" (No Doubt song), 1999 *"new", by Loona from '' Yves'', 2017 *"The New", by Interpol from ''Turn On the Bright Lights'', 2002 Acronyms * Net economic welfare, a proposed macroeconomic indicator * Net explosive weight, also known as net explosive quantity * Network of enlightened Women, a conservative university women's organization * Next Entertainment World, a South Korean film distribution company Identification codes * Nepal Bhasa language ISO 639 language code * New Century Financial Corporation (NYSE stock abbreviation) * Northeast Wrestling, a professional wrestling promotion in the northeastern United States Transport * New Orleans Lakefr ...
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Certified Emission Reduction
Certified Emission Reductions (CERs) are a type of emissions unit (or carbon credits) issued by the Clean Development Mechanism (CDM) Executive Board for emission reductions achieved by CDM projects and verified by a DOE (Designated Operational Entity) under the rules of the Kyoto Protocol. CERs can be used by Annex 1 countries in order to comply with their emission limitation targets or by operators of installations covered by the European Union Emission Trading Scheme (EU ETS) in order to comply with their obligations to surrender EU Allowances, CERs or Emission Reduction Units (ERUs) for the emissions of their installations. CERs can be held by governmental and private entities on electronic accounts with the UN. CERs can be purchased from the primary market (purchased from an original party that makes the reduction) or secondary market (resold from a marketplace). At present, most of the approved CERs are recorded in CDM Registry accounts only. It is only when the C ...
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Emission Reduction Unit
The emission reduction unit (ERU) is an emissions unit issued under a Joint Implementation project in terms of the Kyoto Protocol. An ERU represents a reduction of greenhouse gases under the Joint Implementation mechanism, where it represents one tonne of equivalent reduced. Description To allow comparison between the different effects of gases on the environment, scientists have defined multipliers for gases that compare their greenhouse potency (global warming potential) relative to that of carbon dioxide. One example of a Joint Implementation project resulting in an emission reduction unit, is the production of biogases by landfill sites. These gases consist of mainly methane which escapes to the atmosphere if it is not collected. The main reason for dealing with methane is that it has a 100-year global warming potential multiplier of 25 compared to carbon dioxide (i.e. has 25 times the greenhouse potency). Collection of methane is usually accompanied by its combustion. ...
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Carbon Dioxide Equivalent
Global warming potential (GWP) is the heat absorbed by any greenhouse gas in the atmosphere, as a multiple of the heat that would be absorbed by the same mass of carbon dioxide (). GWP is 1 for . For other gases it depends on the gas and the time frame. Carbon dioxide equivalent (e or eq or -e) is calculated from GWP. For any gas, it is the mass of that would warm the earth as much as the mass of that gas. Thus it provides a common scale for measuring the climate effects of different gases. It is calculated as GWP times mass of the other gas. Methane has GWP (over 100 years) of 27.9 meaning that, for example, a leak of a tonne of methane is equivalent to emitting 27.9 tonnes of carbon dioxide. Similarly a tonne of nitrous oxide, from manure for example, is equivalent to 273 tonnes of carbon dioxide. Values Carbon dioxide is the reference. It has a GWP of 1 regardless of the time period used. emissions cause increases in atmospheric concentrations of that will last thousan ...
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Megatonnes
The tonne ( or ; symbol: t) is a unit of mass equal to 1000  kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton ( United States customary units), and the long ton ( British imperial units). It is equivalent to approximately 2204.6 pounds, 1.102 short tons, and 0.984 long tons. The official SI unit is the megagram (symbol: Mg), a less common way to express the same mass. Symbol and abbreviations The BIPM symbol for the tonne is t, adopted at the same time as the unit in 1879.Table 6
. BIPM. Retrieved on 2011-07-10.
Its use is also official for the metric ton in the United States, having been adopted by the United States

Carbon Dioxide Equivalent
Global warming potential (GWP) is the heat absorbed by any greenhouse gas in the atmosphere, as a multiple of the heat that would be absorbed by the same mass of carbon dioxide (). GWP is 1 for . For other gases it depends on the gas and the time frame. Carbon dioxide equivalent (e or eq or -e) is calculated from GWP. For any gas, it is the mass of that would warm the earth as much as the mass of that gas. Thus it provides a common scale for measuring the climate effects of different gases. It is calculated as GWP times mass of the other gas. Methane has GWP (over 100 years) of 27.9 meaning that, for example, a leak of a tonne of methane is equivalent to emitting 27.9 tonnes of carbon dioxide. Similarly a tonne of nitrous oxide, from manure for example, is equivalent to 273 tonnes of carbon dioxide. Values Carbon dioxide is the reference. It has a GWP of 1 regardless of the time period used. emissions cause increases in atmospheric concentrations of that will last thousan ...
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New Zealand Treasury
The New Zealand Treasury ( mi, Te Tai Ōhanga) is the central public service department of New Zealand charged with advising the Government on economic policy, assisting with improving the performance of New Zealand's economy, and managing financial resources. The Minister responsible for the Treasury is the Minister of Finance of New Zealand; however, from 1996 to 2002, there existed a more specific position of Treasurer of New Zealand. The role was created for Winston Peters by the Fourth National Government under Jim Bolger after the 1996 election, and abolished by Helen Clark’s government in 2002. Treasury has four main functions: * Provide advice to improve economic and fiscal conditions for high levels of economic growth and improved living standards. * Monitor and manage the financial affairs of the Crown. * Assess and test other Government agencies’ advice and proposals that have economic and financial implications. * Provide leadership, with other central agenci ...
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Climate Change And Energy
In the 21st century, the earth's climate and its energy policy interact and their relationship is studied and governed by a variety of national and international institutions. The relationships between energy-resource depletion, climate change, health resources and the environment, and the effects that they have on each other, have been subject to numerous scientific studies and research efforts. As a result, a majority of governments see climate and energy as two of the most important policy goals of the twenty first century. The correlation between climate and energy rests on known causal relationships between human population growth, rising energy consumption and land use and the resulting greenhouse gas emissions and climate change. The concern for climate change control and mitigation has consequently spurred policy makers and scientists to treat energy use and global climate as an inextricable nexus with effects also going in reverse direction and create various initia ...
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Bill English
Sir Simon William English (born 30 December 1961) is a New Zealand former National Party politician who served as the 39th prime minister of New Zealand from 2016 to 2017 and as the 17th deputy prime minister of New Zealand and minister of finance from 2008 to 2016 under John Key and the Fifth National Government. A farmer and public servant before entering politics, English was elected to the New Zealand Parliament in as the National Party's candidate in the Wallace electorate. He was elevated to Cabinet in 1996 and in 1999 was made minister of finance, although he served for less than a year due to his party's loss at the 1999 general election. In October 2001, English replaced Jenny Shipley as the leader of the National Party (and consequently as Leader of the Opposition). He led the party to its worst defeat at the 2002 general election, and as a consequence, in October 2003 he was replaced as leader by Don Brash. In November 2006, after Brash's resignation, Eng ...
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John Key
Sir John Phillip Key (born 9 August 1961) is a New Zealand retired politician who served as the 38th Prime Minister of New Zealand from 2008 to 2016 and as Leader of the New Zealand National Party from 2006 to 2016. After resigning from both posts in December 2016 and leaving politics, Key was appointed to the board of directors and role of chairman in several New Zealand corporations. Born in Auckland before moving to Christchurch when he was a child, Key attended the University of Canterbury and graduated in 1981 with a Bachelor of Commerce. He began a career in the foreign exchange market in New Zealand before moving overseas to work for Merrill Lynch, in which he became head of global foreign exchange in 1995, a position he would hold for six years. In 1999 he was appointed a member of the Foreign Exchange Committee of the Federal Reserve Bank of New York until leaving in 2001. Key entered the New Zealand Parliament representing the Auckland electorate of Helensvi ...
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Māori Party
Māori or Maori can refer to: Relating to the Māori people * Māori people of New Zealand, or members of that group * Māori language, the language of the Māori people of New Zealand * Māori culture * Cook Islanders, the Māori people of the Cook Islands * Cook Islands Māori, the language of the Cook Islanders Ships * SS ''Maori'', a steamship of the Shaw Savill Line, shipwrecked 1909 * , a Royal Navy Tribal-class destroyer, sunk in 1915 * , a Royal Navy Tribal-class destroyer, launched 1936 and sunk 1942 * TEV ''Maori III'', a Union Steam Ship Company inter-island ferry, 1952–74 Sports teams * New Zealand Māori cricket team * New Zealand Māori rugby league team * New Zealand Māori rugby union team Other * ''Maori'', a novel by Alan Dean Foster *Mayotte, in the Bushi language Bushi or Kibosy (''Shibushi'' or ''Kibushi'') is a dialect of Malagasy spoken in the Indian Ocean island of Mayotte. Malagasy dialects most closely related to Bushi are spoken in north ...
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