On Fri, 12 Sep 2008 01:24:09 -0700 (PDT), Daily Planet Media
>New Zealand has fast tracked climate change legislation to cap and
>trade carbon emissions.
>Trading of carbon credits will begin next year in what will be the
>first national cap-and-trade scheme outside of Europe.
>The cap and trade system is designed to act as a catalyst to bring
>forward clean technology and to create incentives for climate-friendly
>behavior and investments.
>New Zealand aims to be "carbon neutral" in the total energy sector by
>2040.
>Neighboring Australia has yet to determine what scheme it will adopt.
>The Climate Change (Emissions Trading and Renewable Preference) Bill
>limits all sectors of the economy to the volume of allowable
>greenhouse gas emissions. Companies that go over the limit are
>required to buy credits from users that produced emissions below their
>ceiling.
>The bill includes all forestry and transport industries. Stationary
>energy such as coal-fired power stations will have a one-year period
>of grace to adjust and agricultural waste won't be included in the
>emissions count until 2013.
>Over half of New Zealand's power comes from hydro-electricity.
>Agricultural emissions, such as methane from livestock, comprise about
>half the country's total greenhouse gas emissions.
Sounds like a fart in a windstorm.
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>trade carbon emissions.
>Trading of carbon credits will begin next year in what will be the
>first national cap-and-trade scheme outside of Europe.
>The cap and trade system is designed to act as a catalyst to bring
>forward clean technology and to create incentives for climate-friendly
>behavior and investments.
>New Zealand aims to be "carbon neutral" in the total energy sector by
>2040.
>Neighboring Australia has yet to determine what scheme it will adopt.
>The Climate Change (Emissions Trading and Renewable Preference) Bill
>limits all sectors of the economy to the volume of allowable
>greenhouse gas emissions. Companies that go over the limit are
>required to buy credits from users that produced emissions below their
>ceiling.
>The bill includes all forestry and transport industries. Stationary
>energy such as coal-fired power stations will have a one-year period
>of grace to adjust and agricultural waste won't be included in the
>emissions count until 2013.
>Over half of New Zealand's power comes from hydro-electricity.
>Agricultural emissions, such as methane from livestock, comprise about
>half the country's total greenhouse gas emissions.