Consultation on proposed regulations for the Synthetic Greenhouse 对合成的温室提出法规咨询.docxVIP

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Consultation on proposed regulations for the Synthetic Greenhouse 对合成的温室提出法规咨询.docx

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Consultation on proposed regulations for the Synthetic Greenhouse 对合成的温室提出法规咨询.docx

Consultation on proposed regulations for synthetic greenhouse gases amendmentsPurpose of this documentThe Minister for Climate Change Issues is seeking feedback on proposed regulations for synthetic greenhouse gases to?be implemented as a result of the Climate Change Response (Emissions Trading and Other Matters) Amendment Bill?(Bill).BackgroundThe Government has announced a number of changes to the New Zealand Emissions Trading Scheme (NZ ETS), which will be implemented through the Bill. The Bill has been tabled in the House and referred to the Finance and Expenditure Select Committee.The purpose of the changes is to maintain the costs that the NZ ETS places on the economy at current levels. This will ensure businesses and households do not face additional costs during the continued economic recovery; and that New?Zealand continues to do its fair share on climate change. There are also important changes designed to improve the operation of the NZ ETS and ensure the scheme is ‘fit for purpose’ after 2012.The proposed amendments include changes to the treatment of the synthetic greenhouse gases (SGG) sector. Under the current settings in the NZ ETS, SGG participants are required to be registered with the New Zealand Emission Unit Register by 31 January 2012. From 1 January 2012 people who import SGGs, either in bulk or contained within products or appliances, are required to collect data on the amount they import annually. The annual data is then used to report the amount of SGGs they had imported over the calendar year by 31 March of the following year. In 2014, SGG participants will have to surrender their first amount of emission units (for the 2013 year).What’s the problem?The NZ ETS Review Panel made the following recommendations in their 2011 report: NZ ETS obligation on the importation of SGG in motor vehicles should be removed, and replaced with a levy on motor vehicles fitted with air conditioning units.NZ ETS obligation on the importation of SGG in goods, s