General Information

[Q22, Q25]

Own Project | Replacement of farming land to forest land post -1990. Thereby meeting the definition of an eligible Kyoto Forest under the Protocol.
The New Zealand Government recognises that reforestationThe reestablishment of forest on land that was previously forested but converted to another use before 31.12.1989. in agricultural areas has the potential to provide considerable environmental, land-management and economic co-benefits. Under its current ETSAn ETS is an organised system of emissions tradingUsually means an ETS. In relation to the Kyoto Protocol, Annex I countries can trade emissions reduction credits in order to comply with their Kyoto-assigned targets. (See also ETS.) that can be applied within businesses, states, countries and also internationally. Through an ETS an organisation is allocated an allowance for the amount of greenhouse gasesGreenhouse Gases in the earth's atmosphere absorb and re-emit infrared radiation. The Kyoto Protocol lists six major greenhouse gases, which vary in their relative warming effect. The six gases are: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), HFCs (hydrofluorocarbons), PFCs (perfluorocarbons) and sulphur hexafluoride (SF6). it is permitted to produce. These systems allow those who reduce emissions beyond their obligations to sell their excess emission capacity to others within the ETS who are unable to meet their own emission reduction targets. There are two broad types of emissions trading schemes, cap and tradeA term used to describe an emissions trading system, where total emissions are limited or 'capped'. Permits are issued up to that cap, and a market allows those participants emitting less than the quota to sell their excess permits to emitters needing to buy extra permits to meet their quota. and baseline and credit. and PFSI legislation, the New Zealand Government allows forest owners to earn Kyoto Credits for carbon sequestered on post-89 new forests after 2008. Prior to 2008, forests planted after 1989 are not governed under New Zealand ETS and PFSI legislation. There is no legislation preventing forest owners of post -89 forests to generate VERsVerified Emission Reductions or Voluntary Emissions Reductions are tradable credits for greenhouse emission reduction activities generated to meet voluntary demand for carbon credits by organisations and individuals wanting to offset their own emissions. VERs can be generated from projects to which a range of circumstances might apply, including:
- are either based in a country that has not ratified the Kyoto ProtocolAn international agreement linked to the UNFCCC and sharing its aim of stabilising atmospheric concentrations of greenhouse gases, but requiring separate ratification by governments. The Kyoto Protocol, among other things, sets binding targets for the reduction of greenhouse-gas emissions by industrialized countries. It entered into force for ratifying countries in February 2006 and commits developed nations to collectively cut their greenhouse gas emissions by 5.2 per cent of 1990 levels by 2012. Came into force in Australia on 11 March 2008. (e.g. USA) or does not have the infrastructure to support CDMClean Development Mechanism is a Kyoto Protocol mechanism under which projects set up in developing countries to reduce GHGs generate tradeable credits called CERs. The credits can be used by industrialised nations to help meet their Kyoto reduction targets. Find out more here. project development;
- have not yet been registered under the CDM;
- fall outside the scope of the CDM;
- are too small to warrant the costs of CDM approval;
- are specifically developed for the voluntary market. for carbon sequestration between 2000 and 31 December 2007.
The current forest meets the requirements under the New Zealand ETS and PFSI legislation to receive Kyoto Credits for carbon sequestration after 2008 (AAUsAssigned Amount UnitsAssigned Amount Units. The emissions units are allocated to developed countries based on their Kyoto Protocol target and can be traded. One AAU equals one tonne of CO2e.. The emissions units are allocated to developed countries based on their Kyoto Protocol target and can be traded. One AAU equals one tonne of CO2eCarbon dioxide equivalent. In order to compare emissions between the six Kyoto Protocol greenhouse gases they have been assigned a global warming potential (GWP) measured in carbon dioxide equivalents to reflect their influence on warming the atmosphere. GWP is a relative scale, where CO2 = 1. The other gases are given a number based on their effect on the atmosphere relative to CO2. For example, methane has a GWP of 21, meaning it has 21 times the amount of heating capacity of CO2..).

Price per tonne of CO2e [Q24] US$1.50 - US$4.00 for VERsVerified Emission Reductions or Voluntary Emissions Reductions are tradable credits for greenhouse emission reduction activities generated to meet voluntary demand for carbon credits by organisations and individuals wanting to offset their own emissions. VERs can be generated from projects to which a range of circumstances might apply, including: - are either based in a country that has not ratified the Kyoto Protocol (e.g. USA) or does not have the infrastructure to support CDM project development; - have not yet been registered under the CDM; - fall outside the scope of the CDM; - are too small to warrant the costs of CDM approval; - are specifically developed for the voluntary market. 10-15 Euros for AAUsAssigned Amount Units. The emissions units are allocated to developed countries based on their Kyoto Protocol target and can be traded. One AAU equals one tonne of CO2e.

Project Location(s) [Q27, Q28]International

Project Size (tonnes of CO2e) [Q29] NZUs/AAUsAssigned Amount Units. The emissions units are allocated to developed countries based on their Kyoto Protocol target and can be traded. One AAU equals one tonne of CO2e. - 1,000,000+ per annum VERsVerified Emission Reductions or Voluntary Emissions Reductions are tradable credits for greenhouse emission reduction activities generated to meet voluntary demand for carbon credits by organisations and individuals wanting to offset their own emissions. VERs can be generated from projects to which a range of circumstances might apply, including: - are either based in a country that has not ratified the Kyoto Protocol (e.g. USA) or does not have the infrastructure to support CDM project development; - have not yet been registered under the CDM; - fall outside the scope of the CDM; - are too small to warrant the costs of CDM approval; - are specifically developed for the voluntary market. - 100,000+ per annum

Quality

[Q31]- 1 Jan 2000[Q32]- 7 Years[Q33a]- Pre-compliance Period VERs from NZ forest activities
[Q35]

- CERsCertified Emission ReductionsCertified Emission Reductions are credits generated under Kyoto's CDM. One CER unit is equivalent to the reduction of one metric tonne of CO2e. They are designed to be used by industrialised countries to count towards meeting their Kyoto targets. They can also be used as part of domestic targets, for example EU companies and governments use them as offsets against their emissions under the EU Emissions Trading Scheme. are credits generated under Kyoto's CDMClean Development Mechanism is a Kyoto Protocol mechanism under which projects set up in developing countries to reduce GHGs generate tradeable credits called CERs. The credits can be used by industrialised nations to help meet their Kyoto reduction targets. Find out more here.. One CER unit is equivalent to the reduction of one metric tonne of CO2eCarbon dioxide equivalent. In order to compare emissions between the six Kyoto Protocol greenhouse gases they have been assigned a global warming potential (GWP) measured in carbon dioxide equivalents to reflect their influence on warming the atmosphere. GWP is a relative scale, where CO2 = 1. The other gases are given a number based on their effect on the atmosphere relative to CO2. For example, methane has a GWP of 21, meaning it has 21 times the amount of heating capacity of CO2.. They are designed to be used by industrialised countries to count towards meeting their Kyoto targets. They can also be used as part of domestic targets, for example EU companies and governments use them as offsets against their emissions under the EU Emissions TradingUsually means an ETS. In relation to the Kyoto Protocol, Annex I countries can trade emissions reduction credits in order to comply with their Kyoto-assigned targets. (See also ETS.) Scheme. and AAUsAssigned Amount UnitsAssigned Amount Units. The emissions units are allocated to developed countries based on their Kyoto Protocol target and can be traded. One AAU equals one tonne of CO2e.. The emissions units are allocated to developed countries based on their Kyoto ProtocolAn international agreement linked to the UNFCCC and sharing its aim of stabilising atmospheric concentrations of greenhouse gases, but requiring separate ratification by governments. The Kyoto Protocol, among other things, sets binding targets for the reduction of greenhouse-gas emissions by industrialized countries. It entered into force for ratifying countries in February 2006 and commits developed nations to collectively cut their greenhouse gas emissions by 5.2 per cent of 1990 levels by 2012. Came into force in Australia on 11 March 2008. target and can be traded. One AAU equals one tonne of CO2e. for accreditation in the future

[Q36]

- No

[Q37]- Yes[Q38]- Offset is only sold as verified emission reductions (retrospectively accrued)[Q39]- Voluntary Carbon StandardThe VCS Program includes the standard (VCS 2007) and the Program Guidelines 2007. The VCS Program provides a new global standard and criteria for validating, measuring, and monitoring voluntary carbon offset projects. For more information, see here. (Markit – formerly TZ1) Blue Registry
- NZUs/AAUsAssigned Amount Units. The emissions units are allocated to developed countries based on their Kyoto Protocol target and can be traded. One AAU equals one tonne of CO2e. on the New Zealand Emissions Unit Registry
VERsVerified Emission Reductions or Voluntary Emissions Reductions are tradable credits for greenhouse emission reduction activities generated to meet voluntary demand for carbon credits by organisations and individuals wanting to offset their own emissions. VERs can be generated from projects to which a range of circumstances might apply, including:

- are either based in a country that has not ratified the Kyoto Protocol (e.g. USA) or does not have the infrastructure to support CDM project development;

- have not yet been registered under the CDM;

- fall outside the scope of the CDM;

- are too small to warrant the costs of CDM approval;

- are specifically developed for the voluntary market. on NZ1
[Q40]- We transfer the abatement into the clients name to retire at their convenience[Q41]- Evidence of registry transaction (For example, personalised account, physical copy of transaction etc.)
[Q42]- Prior to the establishment of the forest, the land was used for farming purposes. Returning the land to forest has a number of ecological and environmental benefits including (1) The sequestration of atmospheric carbon dioxide (that is harmful to the environment) by young forests. (2) Protection of local wetlands and other breeding areas which are homes to rare and threatened fauna. (3) Providing local employment for the local community. This includes planting, tending, harvesting and back planting.