Your views sought
We want your feedback on 2 proposals relating to cost recovery settings for forestry Emissions Trading Scheme (ETS) participants. We anticipate that changes would be made by early 2025.
- Proposal 1: A reduced annual charge for post-1989 forestry ETS participants.
- Proposal 2: Amending the Climate Change (Forestry) Regulations 2022 for the field measurement approach during the 2023–25 reporting period.
As part of this consultation, we are holding 2 webinars and an online hui.
Summaries of the proposals are on this page and full details are in the discussion paper.
Submissions are open from 23 October until 5pm on 13 November 2024.
About Proposal 1
If you have post-1989 forest land in the ETS, the per hectare annual charge is calculated for the financial year. It's based on the amount of land you have in the ETS on 1 July.
We are proposing to reduce the per hectare annual charge from $30.25 to $14.90, starting in the 2024–25 financial year.
About Proposal 2
Forestry participants with at least 100 hectares of post-1989 forest land in the ETS have to use the field measurement approach to calculate carbon stored in their forests for their emissions returns.
When the previous (2023) cost recovery regulations were enacted, they imposed a service fee. The fee resulted in additional costs for those who could use their existing field measurement approach data or use default carbon tables to calculate carbon stock, during the shorter 2023–25 reporting period.
To address this issue, we are proposing to update the regulations. This means, that for any emissions return that covers all or part of the shorter 2023–25 reporting period, people using the field measurement approach can calculate carbon stock using:
- the default carbon tables (in regulations) if they do not have field measurement approach participant specific tables, or
- existing participant specific tables if they have them.
Discussion paper
Resetting the Emissions Trading Scheme annual charge for post-1989 forestry participants [PDF, 893 KB]
Webinars on the proposals
To support this consultation, we are running 2 webinars and an online hui. These sessions will provide an opportunity for you to ask questions and discuss the proposals. The online hui is a dedicated session for whenua Māori to give feedback on the proposals. You must register to attend the webinars or hui.
Times and dates of the webinars and the hui
Webinar 1: 4pm on Thursday 31 October 2024.
Register to attend Webinar 1 – Connect
Webinar 2: 12pm on Thursday 7 November 2024.
Register to attend Webinar 2 – Connect
Online hui: 12pm on Monday 4 November 2024.
Register to attend the online hui – Connect
Making your submission
Send us your feedback on the proposals in the consultation document by 5pm on 13 November 2024.
We would prefer if you made a submission electronically – either by using the online form or by email. However, we will also accept written submissions sent by post.
You are welcome to make your submission on the whole discussion document, or you can choose the areas relevant to you. Provide supporting evidence with your submission where possible.
Online
Online submission form – Alchemer
If you are sending us a submission by email, we encourage you to use the submission template which has the same questions as the online form.
Submission template [DOCX, 121 KB]
The email address is etsforestrychanges@mpi.govt.nz
Post
If you prefer to make your submission in writing, send it to:
NZ ETS Cost Recovery
Forestry System Directorate
Ministry for Primary Industries
PO Box 2526
Wellington 6140.
