The Climate Change (Pre-1990 Forest Land Allocation Plan) Order 2010 establishes the framework for allocating New Zealand Units (NZUs) to owners of eligible pre-1990 forest land under New Zealand’s Emissions Trading Scheme (ETS). Its primary objective is to compensate affected forest landowners for the economic impacts associated with the introduction of ETS obligations, particularly restrictions and liabilities related to deforestation. The Order defines who is eligible to receive allocations, identifies the categories of eligible land, and sets out the number of NZUs allocated per hectare according to specific ownership and land-status criteria. The Order also aims to ensure the transparent and consistent administration of the allocation process by establishing detailed rules for applications, verification of ownership, transfer requirements, record-keeping, and the phased distribution of NZUs. It specifies the information and documentary evidence applicants must provide, including land ownership records and geospatial mapping data, and requires recipients to maintain records for compliance purposes. Through these measures, the decree seeks to provide an equitable allocation of tradable carbon units while supporting the implementation and integrity of New Zealand’s climate change and emissions trading framework.
نيوزيلندا · 2010-07-05