2009
DOI: 10.1080/00779950902803993
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New Zealand's emissions trading scheme

Abstract: In 2008, New Zealand became the first country to introduce a comprehensive Emissions Trading Scheme that includes all sectors and all gases. While NZ can claim the high ground in the international arena, the emissions trading scheme will impose substantial economic costs and its success will hinge on the emergence of an open, viable, and liquid international carbon market. We provide an overview of NZ's Emission Trading Scheme and discuss its implications for the country's economy.climate change, tradable emis… Show more

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Cited by 30 publications
(21 citation statements)
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“…The set U D is the projection of U on the space of the data for constraint (37). Note that (P1) has a form similar to Problem RS omitting (29)- (31) and the binary restrictions on some variables.…”
Section: Hybrid Modelmentioning
confidence: 99%
See 1 more Smart Citation
“…The set U D is the projection of U on the space of the data for constraint (37). Note that (P1) has a form similar to Problem RS omitting (29)- (31) and the binary restrictions on some variables.…”
Section: Hybrid Modelmentioning
confidence: 99%
“…For example, in 2005 the European Union instituted a carbon emission trading scheme (EU ETS) for the energy-intensive industries with the aim of reducing greenhouse gas emissions by at least 20% below 1990 levels [16]. Also, the New Zealand Emissions Trading Scheme (NZ ETS) was introduced in 2009 [37]. In 2012, Australia introduced a carbon tax of $23 AUD per tonne of emitted CO2 on selected fossil fuels consumption [42].…”
mentioning
confidence: 99%
“…From 1992, New Zealand became a net importer of N fertilizer and, in 2005, 72.5% of N fertilizer used was imported (Jiang et al, 2009). …”
Section: Fertilizermentioning
confidence: 99%
“…In the following sub-sections, the contributions of these articles and their results are discussed in greater detail. Data for two PES schemes were used in Articles II, III, and IV: (1) a market-based climate mitigation focused PES scheme comparable to the New Zealand Emissions Trading Scheme (NZ ETS) (Jiang et al 2009) using European Union Emissions Trading Scheme (EU ETS) futures prices to determine compensation, and (2) a government initiated biodiversity conservation focused PES scheme based on the Finnish governments' Trading in Nature (Natural) Values (TNV) scheme that uses private bids for service provisioning contracts (Juutinen et al 2013). The climate regulating PES scheme was evaluated in all three studies, and the biodiversity conservation PES scheme only considered in Articles II and III.…”
Section: Methodology and Resultsmentioning
confidence: 99%