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PLEASE NOTE: THIS CALCULATION IS INTENDED TO PROVIDE 'BALL PARK' NUMBERS TO ALLOW USERS TO PUT THE ETS INTO CONTEXT. ALL FIGURES AND CALCULATIONS ARE BASED ON NATIONAL AVERAGES, AND MAY NOT EXACTLY MATCH THE EMISSION/SEQUESTRATION PROFILE OF YOUR PROPERTY.
FREE ALLOCATION The agriculture sector does not enter the ETS until 2015. From 2015 to 2050 a "free allocation" of credits will be supplied to the sector. At 2015 a free allocation is set at 90% of industry average emisson levels. From 2015 the free allocation drops by 1.3% down to around 50% at 2050. OTHER NOTES The calculation does NOT include emissions from energy use or other purchases, as many emission liabilities are already accounted for in the retail costs:
If you would like to calculate emission values for these items, and learn how to reduce them, click here for more. This calculation works out the tonnes of Carbon Dioxide equivalent (tCO2e) from animals on your property. Working with national averages, it takes into account:
As they are not considered under the NZ ETS scheme, the calculation does NOT account for Carbon dioxide (CO2) sequestered by milk, meat or grass. Costs of compliance for example; proving that your forestry activities comply and qualify are NOT included in the calculation. More information on compliance can be found here. |