Agriculture in the Emissions Trading Scheme
How is agriculture affected by the NZ ETS?
Like all New Zealanders, farmers and growers are likely to notice a small increase in energy prices due to the New Zealand Emissions Trading Scheme (NZ ETS).
From 2012, NZ ETS participants for agriculture face an obligation to report biological emissions that are produced on their farms.
There is currently no legislated date for when NZ ETS participants for agriculture will face an obligation to surrender New Zealand Units (NZUs) to account for biological emissions from agriculture. The Government has indicated that biological emissions from agriculture will have surrender obligations in the NZ ETS only if:
- there are economically viable and practical technologies available to reduce emissions
- our trading partners make more progress on tackling their emissions in general.
When there are surrender obligations for biological emissions from agriculture, participants will be able to apply for an agricultural allocation of NZUs.
For more information, please visit the Ministry of Primary Industries website.
Last updated: 19 April 2013
