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3.
9(2)(f)(iv)
4.
9(2)(f)(iv), 9(2)(g)(i)
5.
9(2)(f)(iv)
Policy design choices
9(2)(f)(iv)
A system for allocating permits on LUC class 6
11. 9(2)(f)(iv)
12. 9(2)(f)(iv)
1 9(2)(f)(iv)
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9(2)(f)(iv)
Transitional arrangements to recognise existing investments
18. You have proposed the policy would apply following the finalisation (for example,
introduction into the House, Royal Assent), while still providing flexibility for people in
the middle of an investment process. We could provide this flexibility by exempting
people with evidence of investment for the purpose of ETS forestry registration, that
was initiated within a period of time prior to finalising rules.
19. 9(2)(f)(iv), 9(2)(g)(i)
20. 9(2)(f)(iv)
2 The ‘Emissions Ruling’ process
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21. 9(2)(f)(iv)
22. 9(2)(g)(i)
Supporting credible markets
23. The objective “supporting credible markets” was a pillar of the recently released
climate strategy and draft second emissions reduction plan. This could be considered
as an additional objective of this policy.
24. 9(2)(g)(i)
25. 9(2)(f)(iv)
26. 9(2)(f)(iv)
It will be too soon to tell the
conversion rates of permits to actual forestry until the system is up and running.
27. 9(2)(f)(iv), 9(2)(g)(i)
9(2)(f)(iv)
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29. 9(2)(f)(iv), 9(2)(g)(i)
30. 9(2)(f)(iv)
31. 9(2)(f)(iv), 9(2)(g)(i)
Next steps
32. 9(2)(f)(iv)
33.
34.
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Recommendations
35. It is recommended that you:
a)
9(2)(f)(iv), 9(2)(g)(i)
YES / NO
b)
Agree to 9(2)(f)(iv)
i.
allowing 25 percent of a farm’s Land Use Capability (LUC) class 1-6
land area to be afforested and registered in the New Zealand
Emissions Trading Scheme;
YES / NO
ii.
9(2)(f)(iv)
YES / NO
iii.
the allocation of LUC class 6 permits 9(2)(f)(iv)
YES / NO
iv.
9(2)(f)(iv)
YES / NO
v.
9(2)(f)(iv)
YES / NO
vi.
9(2)(f)(iv)
YES / NO
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vii. 9(2)(f)(iv)
YES / NO
c)
9(2)(f)(iv)
i.
9(2)(f)(iv)
YES / NO
ii.
9(2)(f)(iv)
YES / NO
d)
9(2)(f)(iv)
YES / NO
e)
9(2)(f)(iv)
YES / NO
Julie Collins
Hon Todd McClay
Deputy Director-General Policy & Trade
Minister of Forestry
Ministry for Primary Industries
/
/ 2024
Mark Vink
Hon Simon Watts
General Manager Markets
Minister of Climate Change
Ministry for the Environment
/
/ 2024
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Appendix Two: 9(2)(f)(iv)
9(2)(f)(iv)
Page 1 of 1
Appendix Two
