Notice of Approval of Track One Joint Implementation Projects by the New Zealand Government
The ‘notice of approval’ by the New Zealand Government of a Track One Joint Implementation (JI) project hosted by New Zealand, is the listing of the project in the table below.
Table: New Zealand’s Approved Track One Joint Implementation Projects
| Date approved | Project | Project Participant (Supplier) | Number of ERU for this approval | Project Participant (Investor) | Non Host Party Involved |
|---|---|---|---|---|---|
| 22 August 2007 | Te Apiti Wind Farm | Meridian Energy Limited | 530,000 | SenterNovem | Netherlands |
| 22 August 2007 | Project White Hill | Meridian Energy Limited | 642,469 | Climate Cent Foundation | Switzerland |
| 28 February 2008 | Tararua Wind Farm Stage II | TrustPower | 228,000 | Electrabel S.A | France |
| 22 April 2008 | Tararua Wind Farm Stage III | TrustPower | 300,000 | Kansai Electric Power Co. Inc. | Japan |
| 4 July 2008 | Burwood Landfill Gas Utilisation Project | Christchurch City Council | 200,000 | British Gas Trading Ltd | United Kingdom |
| 4 July 2008 | Awapuni LFG to Energy Project | Palmerston North City Council | 149,006 | Kommunalkredit Public Consulting GmBH | Austria |
| 18 September 2008 | Putauaki Geothermal Development | Mighty River Power Ltd | 300,000 | Barclays Capital PLC | To be confirmed |
In relation to the approved Track One Joint Implementation projects listed above:
- The Government of New Zealand has ratified the Kyoto Protocol.
- New Zealand submitted its ‘Initial Report’ to the UNFCCC on 31 August 2006. As per the reporting and review guidelines under the Kyoto Protocol, this report has been reviewed, and New Zealand meets all the eligibility requirements under the Kyoto Protocol.
- The Government of New Zealand has Project Agreements with the Suppliers listed in the table above to provide emission units for reduction of greenhouse gas emissions from the Project during the period from 2008-2012. The Government of New Zealand is aware that the Supplier intends to sell Emission Reductions Units (ERUs) to the Investor.
- Subject to satisfaction of any conditions for allocation of ERUs in the Project Agreement between the Government of New Zealand and the Supplier, and compliance with domestic rules or procedures for JI and the allocation of ERUs, and following election by the Supplier to receive ERUs, the Government of New Zealand:
- will assess the JI Project according to the New Zealand criteria for Joint Implementation projects, noting that fulfilment of minimum domestic eligibility criteria for Joint Implementation projects is not itself sufficient to ensure allocation of ERUs;
- will apply to the JI Project applicable New Zealand law or procedure relating to the transfer of ERUs;
- will apply to the JI Project applicable New Zealand law or procedure relating to validation, verification and transfer of the ERUs.
- In the event that the JI Project is assessed by the Government of New Zealand to meet New Zealand’s domestic requirements, including that it is determined to be eligible under applicable New Zealand law or procedure for allocation and transfer of ERUs, and subject to the JI Project meeting conditions specified in the Project Agreement relating to the allocation and transfer of ERUs, the Government of New Zealand will enable the transfer of ERUs to the account of the Investor.
- Where it is impracticable for the Government of New Zealand to transfer ERUs directly to the Investor, the ERUs will be transferred to the Supplier’s account in the New Zealand Emission Unit Registry. The Supplier can then transfer the units to the Investor (subject to agreement with the Investor).
- For the avoidance of doubt, the Government of New Zealand does not make any commitment to provide units for abatement brought about by the JI Project outside of the Kyoto Protocol’s first commitment period.
- There is no commitment on the part of the New Zealand Government to support the JI Project in the event that any domestic legal or environmental requirement for the construction and operation of the JI Project is not fulfilled and the JI Project therefore is unable to proceed.
Last updated: 4 February 2009
