Welcome to the NZEUR
Kyoto Protocol units in the NZEUR
New Zealand will meet its obligations from the first commitment period of the Kyoto Protocol between 10 August 2015 and 18 November 2015. This is a requirement of the Kyoto Protocol, and will impact on the use of Kyoto Protocol emission units in the New Zealand Emission Unit Register after 18 November 2015.
The units affected are CERs, ERUs, RMUs and AAUs:
· If you have any of these Kyoto Protocol units from the first commitment period you will no longer be able to trade these units internationally after 18 November 2015; and
· New Zealand will be required to cancel these units once it has completed all of its obligations from the first commitment period. This is expected to occur in mid-2016. However, the international deadline for this process has not yet been set.
For holders of NZ AAUs:
The Government will ensure holders of NZ AAUs retain access to valid units after New Zealand has met its obligations from CP1. Holders of NZ AAUs will still have units that can be traded domestically, voluntarily cancelled and surrendered to meet NZ ETS obligations. We now know that New Zealand will be required to cancel NZ AAUs at some stage after our True-up report has been accepted and finalised. At this time (expected to be mid-2016), all privately held first commitment period Kyoto emission units will be cancelled. NZ AAU holders will receive replacement NZUs at a rate of one NZU for every one NZ AAU after the NZ AAUs have been cancelled.
If you hold internationally originated AAUs (non-NZ AAUs), these units are not covered by the Government’s decision to ensure continued access to valid units for holders of NZ AAUs.
Since 1 June 2015, 1st Commitment Period Kyoto Protocol units other than NZ Assigned Amount Units (NZ AAUs) or NZ Emission Reduction Units (NZ ERUs) have been no longer eligible for use to meet obligations under the Emissions Trading Scheme (ETS). This followed decisions by Cabinet to restrict the use of Kyoto units in the New Zealand ETS, as announced by the Associate Minister of Climate Change issues in December 2013.
Note that these changes do not affect NZUs.
For more information on the New Zealand’s True-up process and what it means for unit holders, read the Q&A on the EPA website.
This information is current as of October 2015.
Updated terms and conditions
We have updated our terms and conditions of use for the New Zealand Emission Unit Register and this site.
All registered users of the New Zealand Emission Unit Register will receive an announcement the next time you logon.
You will be prompted to confirm that you have been advised of and accept the new terms and conditions.
A copy of the terms and conditions will be presented in a separate window for you to read.
You will asked to enter your password and then “click on I acknowledge this announcement” to confirm that you have been advised of and accept the new terms and conditions.
Your logon process will continue once you have accepted. If you do not accept, your logon process will not continue.
Other changes to this site
The content in our security page has been updated.
We have also added a new Privacy page which contains our Privacy statement and a new Copyright page.
Links to these new pages are available for anyone to view from grey footer located at the bottom of our site pages.
Annual ETS data available
The Environmental Protection Authority publishes the latest annual data reports on the New Zealand Emissions Trading Scheme on its website (www.epa.govt.nz).
The reports are:
• 2014 ETS Report (also known as the Section 89 report)
• ETS 2014 - Facts & Figures (informal factsheet)
• 2014 Synthetic Greenhouse Gas Levy Report (new)
The reports provide information on how many businesses were in the ETS, how much greenhouse gas they emitted or removed, and give year-on-year comparisons. The new Synthetic Greenhouse Gas Levy Report provides details of how the levy was applied from 1 July 2014.
The EPA has responsibilities under the Climate Change Response Act – for administration of the New Zealand Emissions Trading Scheme and the New Zealand Emission Unit Register (NZEUR).
In doing this, we work with the other administrative partners (Ministry for the Environment, Ministry for Primary Industries, New Zealand Transport Agency and the New Zealand Customs Service).
Publication of annual operational data maintains the transparency of the Scheme for participants, allocation recipients and interested parties.
These reports, as well as reports for the previous years of the operation of the ETS are available here.
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)
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.