This page has information on regulations banning the use of certain international units in the New Zealand Emissions Trading Scheme.
About the regulations
Former Climate Change Minister Tim Groser announced that the following international emission units are banned from surrender in the Emissions Trading Scheme (ETS) due to concerns over their environmental integrity (effective 18 December 2012):
- Emission Reduction Units (ERUs) generated from HFC-23 and N2O industrial gas destruction projects
- Certified Emission Reduction units (CERs) and ERUs generated from large-scale hydropower projects (greater than 20 MW capacity) that do not meet the guidelines in the World Commission on Dams’ final report: Dams and Development: A New Framework for Decision Making.