Welcome to the NZEUR
Changes to information displayed for New Zealand Units (NZUs)
Late last year the EPA contacted all NZEUR registered users requesting feedback on proposed changes to information displayed for NZUs. A summary of feedback can be found here (Summary of feedback - changes to NZUs, pdf version, 459 KB).
On 1 April 2014 new functionality will be introduced into the NZEUR to make visible the purpose for which NZUs were originally transferred from the Crown. What this means is that an extra column will be added to account holders’ unit holding information to show the purpose for which NZUs were generated. A factsheet detailing the changes can be found here (Factsheet - changes to NZUs, pdf version, 459 KB).
The change will take effect from 1 April 2014, and will affect all NZUs in the Register, including those issued before 1 April 2014.
Updated list of CER and ERU projects restricted from surrender
The list of projects generating Certified Emission Reduction units (CERs) and Emission Reduction Units (ERUs) which are restricted from surrender to the NZ ETS has been updated.
These restrictions pertain to CERs and ERUs generated by large-scale hydropower projects and by industrial gas destruction projects. More information about CERs and ERUs can be found in the "How to: guides and help" section of the NZEUR. An updated list of the banned projects, current as of 1 September 2013, can be found here (List of CERs and ERUs that have been restricted, excel version, 296 KB).
Affected units brought into the NZEUR after the restrictions came into effect will not be eligible for surrender to meet an obligation with the NZ ETS.
Changes to Default Emissions Factors
The global warming potentials (GWP) for a gas is a measure of how much heat the gas traps compared with carbon dioxide, and therefore its contribution to global warming. There have recently been changes to the GWP of some gases. The GWP of a gas is a factor in determining the Default Emissions Factor (DEF) for an activity within the ETS, therefore a number of DEFs have been updated. The new DEFs will be applied to emissions returns completed in early 2014 to cover the 2013 calendar year.
The following table lists the changes that have been made (Default Emissions Factor changes, PDF version, 507 KB).
We ask our registered users to:
- keep your user name and password secure; and
- keep your antivirus software and definitions up-to-date and to run regular checks (scans) of your computer; and
- be vigilant around phishing attacks and email hoaxes which are aimed at extracting user names and passwords.
Any user of the NZEUR who receives a suspicious email or is concerned about any suspicious activity regarding their account(s) should phone 0800 387 4688 or for international callers +64 4 918 3502.
New Zealand Emission Unit Register (NZEUR)
The NZEUR has been implemented in order to meet New Zealand's commitment and obligations under the Kyoto Protocol and to support the New Zealand Emissions Trading Scheme (NZ ETS), established by the Climate Change Response Act 2002 (CCRA).
Both the Kyoto Protocol and the CCRA require New Zealand to operate an electronic, internet-based national registry system. The NZEUR website provides access to this online registry, where people can join the NZEUR and then open accounts to either participate in the NZ ETS or to trade units.
Find out more about the Emissions Trading Scheme >>
(at the Ministry for the Environment's Climate Change website)