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Chapter 12: Information on accounting Kyoto Protocol units

12.1 Background information

Assigned amount and commitment period reserve

In January 2007, New Zealand’s national registry was issued with New Zealand’s assigned amount of 309,564,733 metric tonnes of carbon dioxide equivalent (CO2-e). At 31 December 2009, New Zealand’s national registry held 308,435,921 units equivalent to metric tonnes of CO2-e.

The commitment period reserve of 278,608,260 metric tonnes of CO2-e is 90 per cent of the assigned amount, fixed in 2007 after the review of New Zealand’s Initial Report under the Kyoto Protocol (Ministry for the Environment, 2006).

Holdings and transactions of Kyoto Protocol units

Please refer to the standard reporting format tables below (Table 12.2.2). These tables are also provided in the MS Excel worksheets available for download with this report from the Ministry for the Environment’s website.

General note

Abbreviations used in this chapter include:

AAUs Assigned Amount units

ERUs Emission Reduction units

RMUs Removal units

CERs Certified Emission Reduction units

tCERs Temporary Certified Emission Reduction units

lCERs Long-term Certified Emission Reduction units

NZEUR New Zealand Emission Unit Register

CDM Clean Development Mechanism

AT Austria

CH Switzerland

FR France

GB United Kingdom of Great Britain and Northern Ireland

JP Japan

NL Netherlands

NO Norway (only for Table 2b Annual external transactions in Table 12.2.2 in the column ‘Transfers and acquisitions’).

12.2 Summary of the standard electronic format tables for reporting Kyoto Protocol units

At the beginning of the calendar year 2009, New Zealand’s national registry held 309,444,733 assigned amount units, 120,000 emissions reduction units and 10,108certified emission reduction units (Table 1 in Table 12.2.2). At the end of 2009, there were 308,377,715 assigned amount units, 48,098 emission reduction units and 10,108 certified emission reduction units.

New Zealand’s national registry did not hold any temporary certified emission reductionunits and long-term certified emissions reduction units during 2009 (Table 4 in Table 12.2.2).

The transactions made to New Zealand’s national registry during 2009 (Tables 2 (a), (b), (c) in Table 12.2.2) are summarised below:

  • 1,000 assigned amount units were added to New Zealand’s national registry and 1,068,018 were subtracted. The only addition was acquired from the United Kingdom of Great Britain and Northern Ireland and the greatest subtraction was 540,281units to Norway
  • 496,567 emission reduction units were added to New Zealand’s national registry and 568,469 were subtracted. The only addition was a New Zealand-verified project under Article 6 of the Kyoto Protocol. There were no external additions. The greatest subtraction was 240,000 emission reduction units to the Netherlands. There were 5,000 emission reduction units transferred internally within NewZealand’s national registry
  • 401,000 certified emission reduction units were added to New Zealand’s national registry and 401,000 were subtracted. The greatest addition was 400,500 certified emission reduction units from Switzerland. The only subtraction was made to United Kingdom of Great Britain and Northern Ireland. There were no internal transactions
  • there were no transactions of removal units, temporary certified emission reduction units and long-term certified emissions reduction units.

During 2009, no Kyoto Protocol units were expired, replaced or cancelled.

Table 12.2.1 New Zealand’s submission of the standard electronic format
Annual submission item New Zealand’s national registry response
15/CMP.1 annex I.E paragraph 11: Standard electronic format The standard electronic format report for 2009 has been submitted to the Climate Change Convention Secretariat electronically and is included in this section (Table 12.2.2).

Table 12.2.2 Copies of the standard report format tables (ie, Tables 1–6) from New Zealand’s national registry

Table 1. Total quantities of Kyoto Protocol units by account type at beginning of reported year
  Unit type          
Account type AAUs ERUs RMUs CERs tCERs lCERs
Party holding accounts 309420003 NO NO NO NO NO
Entity holding accounts 24730 120000 NO 9308 NO NO
Article 3.3/3.4 net source cancellation accounts NO NO NO NO    
Non-compliance cancellation accounts NO NO NO NO    
Other cancellation accounts NO NO NO 800 NO NO
Retirement account NO NO NO NO NO NO
tCER replacement account for expiry NO NO NO NO NO  
lCER replacement account for expiry NO NO NO NO    
lCER replacement account for reversal of storage NO NO NO NO   NO
lCER replacement account for non-submission of certification report NO NO NO NO   NO
Total 309444733 120000 NO 10108 NO NO

Notes: Party - New Zealand, Submission year - 2010, Reported year - 2009, Commitment period -1

Table 2 (a). Annual internal transactions

 

Additions Subtractions        

 

Unit type Unit type          

Transaction type

AAUs ERUs RMUs CERs tCERs lCERs AAUs ERUs RMUs CERs tCERs lCERs
Article 6 issuance and conversion                        
Party-verified projects   496567         496567   NO      
Independently verifed projects   NO         NO   NO      
Article 3.3 and 3.4 issuance or cancellation                        
3.3 Afforestation and reforestation     NO       NO NO NO NO    
3.3 Deforestation     NO       NO NO NO NO    
3.4 Forest management     NO       NO NO NO NO    
3.4 Cropland management     NO       NO NO NO NO    
3.4 Grazing land management     NO       NO NO NO NO    
3.4 Revegetation     NO       NO NO NO NO    
Article 12 afforestation and reforestation                        
Replacement of expired tCERs             NO NO NO NO NO  
Replacement of expired lCERs             NO NO NO NO    
Replacement for reversal of storage             NO NO NO NO   NO
Replacement for non-submission of certification report           NO NO NO NO   NO
Other cancellation             NO NO NO NO NO NO
Sub-total     496567 NO       496567 NO NO NO NO NO
  Retirement
  Unit type
Transaction type AAUs ERUs RMUs CERs tCERs lCERs
Retirement NO NO NO NO NO NO

Notes: Party - New Zealand, Submission year - 2010, Reported year - 2009, Commitment period -1

Table 2 (b). Annual external transactions
  Additions Subtractions
  Unit type Unit type
  AAUs ERUs RMUs CERs tCERs lCERs AAUs ERUs RMUs CERs tCERs lCERs
Transfers and acquisitions  
AT NO NO NO NO NO NO NO 29641 NO NO NO NO
CH NO NO NO 400500 NO NO 30170 94579 NO NO NO NO
FR NO NO NO NO NO NO NO 45911 NO NO NO NO
GB 1000 NO NO 500 NO NO 1000 98338 NO 401000 NO NO
JP NO NO NO NO NO NO NO 60000 NO NO NO NO
NL NO NO NO NO NO NO NO 240000 NO NO NO NO
NO NO NO NO NO NO NO 540281 NO NO NO NO NO
Sub-total 1000 NO NO 401000 NO NO 571451 568469 NO 401000 NO NO
  Additional information
Independently verified ERUs               NO        

Notes: Party - New Zealand, Submission year - 2010, Reported year - 2009, Commitment period -1

Table 2 (c). Total annual transactions
Total (Sum of tables 2a and 2b) 1000 496567 NO 401000 NO NO 1068018 568469 NO 401000 NO NO
Table 3. Expiry, cancellation and replacement

 

Expiry, cancellation and requirement to replace Replacement        

 

Unit type Unit type        
Transaction or event type tCERs lCERs AAUs ERUs RMUs CERs tCERs lCERs
Temporary CERs (tCERS)                
Expired in retirement and replacement accounts NO              
Replacement of expired tCERs     NO NO NO NO NO  
Expired in holding accounts NO              
Cancellation of tCERs expired in holding accounts NO              
Long-term CERs (lCERs)                
Expired in retirement and replacement accounts   NO            
Replacement of expired lCERs     NO NO NO NO    
Expired in holding accounts   NO            
Cancellation of lCERs expired in holding accounts   NO            
Subject to replacement for reversal of storage   NO            
Replacement for reversal of storage     NO NO NO NO   NO
Subject to replacement for non-submission of certification report   NO            
Replacement for non-submission of certification report     NO NO NO NO   NO
Total     NO NO NO NO NO NO

Notes: Party - New Zealand, Submission year - 2010, Reported year - 2009, Commitment period -1

Table 4. Total quantities of Kyoto Protocol units by account type at end of reported year
  Unit type
Account type AAUs ERUs RMUs CERs tCERs lCERs
Party holding accounts 308329266 NO NO NO NO NO
Entity holding accounts 48449 48098 NO 9308 NO NO
Article 3.3/3.4 net source cancellation accounts NO NO NO NO    
Non-compliance cancellation accounts NO NO NO NO    
Other cancellation accounts NO NO NO 800 NO NO
Retirement account NO NO NO NO NO NO
tCER replacement account for expiry NO NO NO NO NO  
lCER replacement account for expiry NO NO NO NO    
lCER replacement account for reversal of storage NO NO NO NO   NO
lCER replacement account for non-submission of certification report NO NO NO NO   NO
Total 308377715 48098 NO 10108 NO NO

Notes: Party - New Zealand, Submission year - 2010, Reported year - 2009, Commitment period -1

Table 5 (a). Summary information on additions and subtractions
  Additions Subtractions
  Unit type Unit type
Starting values AAUs ERUs RMUs CERs tCERs lCERs AAUs ERUs RMUs CERs tCERs lCERs
Issuance pursuant to Article 3.7 and 3.8 309564733                      
Non-compliance cancellation             NO NO NO NO    
Carry-over NO NO   NO                
Sub-total 309564733 NO   NO     NO NO NO NO    
Annual transactions                        
Year 0 (2007) NO NO NO NO NO NO NO NO NO NO NO NO
Year 1 (2008) NO 120000 NO 25108 NO NO 120000 NO NO 15800 NO NO
Year 2 (2009) 1000 496567 NO 401000 NO NO 1068018 568469 NO 401000 NO NO
Year 3 (2010) NO NO NO NO NO NO NO NO NO NO NO NO
Year 4 (2011) NO NO NO NO NO NO NO NO NO NO NO NO
Year 5 (2012) NO NO NO NO NO NO NO NO NO NO NO NO
Year 6 (2013) NO NO NO NO NO NO NO NO NO NO NO NO
Year 7 (2014) NO NO NO NO NO NO NO NO NO NO NO NO
Year 8 (2015) NO NO NO NO NO NO NO NO NO NO NO NO
Sub-total 1000 616567 NO 426108 NO NO 1188018 568469 NO 416800 NO NO
Total 309565733 616567 NO 426108 NO NO 1188018 568469 NO 416800 NO NO

Notes: Party - New Zealand, Submission year - 2010, Reported year - 2009, Commitment period -1

Table 5 (b). Summary information on replacement
  Requirement for replacement Replacement
  Unit type Unit type
  tCERs lCERs AAUs ERUs RMUs CERs tCERs lCERs
Previous CPs     NO NO NO NO NO NO
Year 1 (2008)   NO NO NO NO NO NO NO
Year 2 (2009)   NO NO NO NO NO NO NO
Year 3 (2010)   NO NO NO NO NO NO NO
Year 4 (2011)   NO NO NO NO NO NO NO
Year 5 (2012) NO NO NO NO NO NO NO NO
Year 6 (2013) NO NO NO NO NO NO NO NO
Year 7 (2014) NO NO NO NO NO NO NO NO
Year 8 (2015) NO NO NO NO NO NO NO NO
Total NO NO NO NO NO NO NO NO
Table 5 (c). Summary information on retirement

 

Retirement

 

Unit type

Year

 

AAUs ERUs RMUs CERs tCERs lCERs
Year 1 (2008) NO NO NO NO NO NO
Year 2 (2009) NO NO NO NO NO NO
Year 3 (2010) NO NO NO NO NO NO
Year 4 (2011) NO NO NO NO NO NO
Year 5 (2012) NO NO NO NO NO NO
Year 6 (2013) NO NO NO NO NO NO
Year 7 (2014) NO NO NO NO NO NO
Year 8 (2015) NO NO NO NO NO NO
Total NO NO NO NO NO NO
Table 6 (b). Memo item: Corrective transactions relating to replacement
Requirement for replacement Replacement        
Unit type   Unit type          
tCERs lCERs AAUs ERUs RMUs CERs tCERs lCERs

 

 

 

 

 

 

 

 

Table 6 (c). Memo item: Corrective transactions relating to retirement
Retirement
Unit type          
AAUs ERUs RMUs CERs tCERs lCERs
           

12.3 Discrepancies and notifications

New Zealand has not received any notification of discrepancies, failures or invalid units as shown in Table 12.3.1.

Table 12.3.1 Discrepancies and notifications from New Zealand’s national registry
Annual submission item New Zealand’s national registry response
15/CMP.1 Annex I.E, paragraph 12:
List of discrepant transactions
No discrepant transactions occurred in 2009.

For completeness, the report R-2 is included with ‘Nil’ discrepant transactions during the reporting period.
15/CMP.1 Annex I.E, paragraph 13 & 14: List of CDM notifications No CDM notifications occurred in 2009.

For completeness, the report R-3 is included with ‘Nil’ CDM notifications for reversal of storage or non-certification received during the reporting period.
15/CMP.1 Annex I.E, paragraph 1 15:
List of non-replacements
No non-replacements occurred in 2009.

For completeness, the report R-4 is included with ‘Nil’ non-replacement transactions during the reporting period.
15/CMP.1 Annex I.E, paragraph 1 15:
List of invalid units
No invalid units exist as at 31 December 2009.

For completeness, the report R-5 is included with ‘Nil’ invalid units notification received during the reporting period.
15/CMP.1 Annex I.E, paragraph 1 17:
Actions and changes to address discrepancies
No actions were taken or changes made to address discrepancies for the period under review.

12.4 Publically accessible information

New Zealand’s national registry list of publicly accessible information is available at www.eur.govt.nz, Search the Register tab. A list of publicly accessible information is provided in Table 12.4.1.

Table 12.4.1 List of the publicly accessible information in New Zealand’s national registry
Type of information to be made public pursuant to part E of the annex to 13/CMP.1, paragraphs
44 to 48
Publicly available on New Zealand’s national registry website (refer www.eur.govt.nz)
(yes/no/partial)
Timing of information to be available under NewZealand’s Climate Change Response Act 2002 Relevant reference to New Zealand’s Climate Change Response Act 2002 where information is not publicly available in accordance with paragraphs 44–48
44. Each national registry shall make non-confidential information publicly available and provide a publicly accessible user interface through the internet that allows interested persons to query and view it.      
45. The information referred to in paragraph 44 above shall include up-to-date information for each account number in that registry on the following:    
(a) Account name: the holder of the account. Yes (refer Search the Register: Accounts). Up to date (real-time) n/a
(b) Account type: the type of account (holding, cancellation or retirement). Yes (refer Search the Register: Accounts). Up to date (real-time) n/a
(c) Commitment period: the commitment period with which a cancellation or retirement account is associated. Yes (refer Search the Register: Accounts: Click on Account Number hyperlink to access Account Information Report). Up to date (real-time) n/a
(d) Representative identifier: the representative of the account holder, using the Party identifier (the two-letter country code defined by ISO 3166) and a number unique to that representative within the Party’s registry. No – the representative identifiers for primary representatives are not publicly available as it is classified as confidential. n/a Section 27(1)(a) of the Climate Change Response Act 2002 does not require this information to be made publicly available. Only the holding account number for each account in the registry is publicly available under this section.
(e) Representative name and contact information: the full name, mailing address, telephone number, facsimile number and email address of the representative of the account holder. Yes (refer Search the Register: Accounts: Click on Account Number hyperlink to access Account Information Report: Representative Details). Up to date (real-time) n/a
46. The information referred to in paragraph 44 shall include the following Article 6 project information, for each project identifier against which the Party has issued ERUs:    
(a) Project name: a unique name for the project. Yes (refer Search the Register: Projects). Up to date (real-time) n/a
(b) Project location: the Party and town or region in which the project is located. Yes (refer Search the Register: Projects). Up to date (real-time) n/a
(c) Years of ERU issuance: the years when ERUs have been issued as a result of the Article 6 project. Yes (this information can be accessed through the Ministers’ Directions menu item. This lists directions relating to the transfer of emission reduction units to individual Joint Implementation Projects. The NZEUR Unit Holding and Transaction Summary Report shows in aggregate the total ERUs converted from AAUs by year) Up to date (real-time) n/a
(d) Reports: downloadable electronic versions of all publicly available documentation relating to the project, including proposals, monitoring, verification and issuance of ERUs, where relevant, subject to the confidentiality provisions in decision 9/CMP.1. Partial – this information is published on the Ministry for the Environment’s website for Joint Implementation Projectsat www.mfe.govt.nz/issues/climate/policies-initiatives/joint-implementation... is not replicated on the New Zealand’s national registry website (www.eur.govt.nz)

The following information for each JI project ispublished on the Ministry for the Environment website:

  • project description
  • non-host party project approval
  • annual reports
  • verification reports.
Project proposals are not included as they contain financial information which is considered to becommercially sensitive and confidential.
This information becomes publicly available once New Zealandgives its approval to the JI project. The information is then updated when necessary and annual reports are added annually n/a
47. The information referred to in paragraph 44 shall include the following holding and transaction information relevant to the national registry, by serial number, for each calendar year (defined according to Greenwich Mean Time):    
(a) The total quantity of ERUs, CERs, AAUs and RMUs in each account at the beginning of the year. Partial – aggregate unit holdings of ERUs, CERs, AAUs and RMUs for the previous calendar year are disclosed by 31 January of each year (refer Search the Register: NZEUR Holding & Transaction Summary).

Total quantity of unit holdings in each account within the most recent calendar year is considered to be confidential information, therefore the total quantity of unit holdings in each account provided are only those completed more than one year in the past.

(Refer Search the Register: NZEUR Kyoto Unit Holdings by Account: Use Search Criteria to find information pertaining to more than one year in the past.)
Annually by 31 January for the previous calendar year. The Registry makes this information available on 1st January of each year.





1 January for the beginning of the previous calendar year
Section 27(2) of the Climate Change Response Act 2002 only requires total holdings of AAUs, ERUs, CERs, ICERs, tCERs and RMUs to be publicly available by 31 January of each year for the previous calendar year).


Section 27(3) of the Climate Change Response Act 2002 only requires holdings of Kyoto units by each holding account for the beginning of the previous calendar year to be made publicly available.
(b) The total quantity of AAUs issued on the basis of the assigned amount pursuant to Article 3, paragraphs 7 and 8. Yes (refer Search the Register: NZEUR Holding & Transaction Summary). Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year. n/a
(c) The total quantity of ERUs issued on the basis of Article 6 projects. Yes (refer Search the Register: NZEUR Holding & Transaction Summary – Units Converted to). Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year. n/a
(d) The total quantity of ERUs, CERs, AAUs and RMUs acquired from other registries and the identity of the transferring accounts and registries. Partial – the total quantity of ERUs, CERs, AAUs and RMUs acquired from other registries, and the identity of the registries is publicly available by 31 January for the previous calendar year (refer Search the Register: NZEUR Incoming Transactions for the Year).

The identity of the individual transferring accounts is not available as it is considered to be confidential information.
Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year. n/a

Section 27(j) of the Climate Change Response Act 2002 requires that only the following be made publicly available:
  • total quantity of units transferred; and
  • total quantity and type of unit transferred; and
  • the identity of the transferring overseas registries including the total quantity of units transferred from each overseas registry and each type of unit transferred from each overseas registry.
(e) The total quantity of RMUs issued on the basis of each activity under Article 3, paragraphs 3 and 4. Yes (refer Search the Register: NZEUR Holding & Transaction Summary).

NOTE: Reported as ‘0’ as this event did not occur in the specified period.
Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year, if the event occurred during the reporting period. n/a
(f) The total quantity of ERUs, CERs, AAUs and RMUs transferred to other registries and the identity of the acquiring accounts and registries. Partial – the total quantity of ERUs, CERs, AAUs and RMUs transferred to other registries, and the identity of the registries is publicly available by 31 January for the previous calendar year.

The identity of the individual acquiring accounts is not available as it is considered to be confidential information.
Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year n/a

Section 27(k) of the Climate Change Response Act 2002 requires that only the following be publicly available:
  • total quantity of units transferred; and
  • total quantity and type of unit transferred; and
  • the identity of the acquiring overseas registries including the total quantity of units transferred to each overseas registry and each type of unit transferred to each overseas registry.
(g) The total quantity of ERUs, CERs, AAUs and RMUs cancelled on the basis of activities under Article 3, paragraphs 3 and 4. Yes (refer Search the Register: NZEUR Holding & Transaction Summary).

NOTE: Reported as ‘0’ as this event did not occur in the specified period.
Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year, if the event occurred during the reporting period. n/a
(h) The total quantity of ERUs, CERs, AAUs and RMUs cancelled following determination by the Compliance Committee that the Party is not in compliance with its commitment under Article 3, paragraph 1. Yes (refer Search the Register: NZEUR Holding & Transaction Summary).

NOTE: Reported as ‘0’ as this event did not occur in the specified period.
Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year, if the event occurred during the reporting period. n/a
(i) The total quantity of other ERUs, CERs, AAUs and RMUs cancelled. Yes (refer Search the Register: NZEUR Holding & Transaction Summary).

NOTE: Reported as ‘0’ as this event did not occur in the specified period.
Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year, if the event occurred during the reporting period. n/a
(j) The total quantity of ERUs, CERs, AAUs and RMUs retired. Yes (refer Search the Register: NZEUR Holding & Transaction Summary).

NOTE: Reported as ‘0’ as this event did not occur in the specified period.
Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year, if the event occurred during the reporting period. n/a
(k) The total quantity of ERUs, CERs, and AAUs carried over from the previous commitment period. Yes (refer Search the Register: NZEUR Holding & Transaction Summary).

NOTE: Reported as ‘0’ as this event did not occur in the specified period.
Annually by 31 January for the previous calendar year. n/a
(l) Current holdings of ERUs, CERs, AAUs and RMUs in each account. Partial – aggregate unit holdings of ERUs, CERs, AAUs and RMUs from the previous calendar year are disclosed by 31 January. (Refer Search the Register: NZEUR Kyoto Unit Holdings by Account.) Annually by 31 January for the previous calendar year. The Registry makes this information available on 1 January of each year. Section 27(2) of the Climate Change Response Act 2002 only requires total holdings of AAUs, ERUs, CERs, ICERs, tCERs and RMUs to be publicly available by 31 January of each year for the previous calendar year.
  Total quantity of unit holdings in each account within the most recent calendar year is considered to be confidential information, therefore the total quantity of unit holdings in each account provided are only those completed more than one year in the past.

(Refer Search the Register: NZEUR Kyoto Unit Holdings by Account: Use Search Criteria to find information pertaining to more than one year in the past.)
1 January for the beginning of the previous calendar year. Section 27(3) of the Climate Change Response Act 2002 only requires holdings of Kyoto units by each holding account for the beginning of the previous calendar year to be made publicly available.
48. The information referred to in paragraph 44 shall include a list of legal entities authorised by the Party to hold ERUs, CERs, AAUs and/or RMUs under its responsibility. Yes (refer Search the Register: Account Holders for list of authorised entities). Up-to-date (real time). n/a

12.5 Calculation of the commitment period reserve

New Zealand’s commitment period reserve calculation is based on the assigned amount and therefore fixed. The commitment period reserve is 278,608,260 metric tonnes of CO2-e, 90 per cent of the assigned amount of 309,564,733, fixed after the review of New Zealand’s Initial Report under the Kyoto Protocol (Ministry for the Environment, 2006).

The commitment period reserve level as at 31 December 2009 is:

Commitment period reserve limit: 278,608,260
Units held: 308,435,121
Commitment period reserve level: 308,435,121
Commitment period reserve level (% of assigned amount) 99.64

Commitment period reserve level comprises of the following units:

AAUs 308,377,715
ERUs (converted from AAUs) 48,098
CERs 9,308
Total units 308,435,121

New Zealand’s commitment period reserve level is also available at: www.eur,govt.nz, and is updated on a daily basis.