Free phone within New Zealand: 0800 123 733
Email: info@carbonfarming.org.nz
Welcome to Carbon Farming Group
News in Brief
The Carbon Farming Group is an independent not for profit organisation which provides information to the rural sector on climate change. This website aims to provide an overview of the current issues.
Foresters Take Advantage of Low Carbon Price
According to the recent carbon market report from OMF (here) ETS forest owners who sold their NZUs earlier in the year at around the $20 mark are now buying back units around the $7 to cover future liabilties. While there are not many NZU's on the market there are "Greened" CER's from offshore which are available to foresters. These Greened CER's are units which have not been banned from the NZ ETS.
Progress Made At Durban Climate Change Talks
In Durban Governments decided to adopt an agreement on climate change by 2015. This means the Kyoto Protocol's accounting rules and mechanisms can continue to remain in place and form the basis for future agreements. As well as this major decision there were a number of other decisions for action around adaptation, technology, supporting developing countries, and the continuation of the green climate fund. A summary press release on the talks can be found here.
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Emissions Trading Scheme
The Emissions Trading Scheme (ETS) has been developed to meet New Zealand's commitments under the Kyoto Protocol. All New Zealanders will be affected by the ETS. This will generally be in the form of increased fuel and power costs, but for some it could mean accounting for direct emissions such as methane from sheep and cows.
Calculators
The Carbon Farming Group has developed simple ETS calculators to enable assessment of potential liabilities and opportunities. There are calculators for:
- Farm
- Forestry
- Other Emissions
Kyoto & Climate Change
Science indicating human induced climate change has resulted in the development of the Kyoto Protocol. The Kyoto Protocol has binding commitments for signatory countries (such as New Zealand), to reduce greenhouse gas emissions to 1990 levels by 2012.
It is estimated that New Zealand will require 45.5 million carbon credits by the end of 2012.