Ministerial direction to the Registrar of the New Zealand Emission Unit Register: Issuance of New Zealand units into the Crown holding account in the New Zealand Emissions Unit Register

Having consulted the Minister of Finance and having had regard to all the relevant matters pursuant to section 68 of the Climate Change Response Act 2002, I direct the Registrar of the New Zealand Emission Unit Register to issue 86 million New Zealand Units into the Crown holding account in the New Zealand Emission Unit Registry on 1 July 2010.

I direct the Registrar to identify and ‘tag’ 17 million New Zealand Units as non-exportable, and ‘tag’ 69 million New Zealand Units as suitable for conversion and exportable. 

Dated at Wellington this   day of   2010

[signed by]
Hon Dr Nick Smith
Minister for Climate Change Issues

Last updated: 3 June 2010