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| Climate and energy |
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Holcim New Zealand believes in operating its business in an environmentally responsible manner. Our company operates an energy intensive business, and we recognise the need to reduce global greenhouse gas emissions and energy consumption while fostering economic and social development. At its very least, we see climate change as a risk to our business. Our shareholders, customers, neighbours, employees, financiers, insurers and our families expect us to manage that risk – in the same say that we are expected to manage currency risk, environmental risk, and health and safety. The difficulty in framing and executing a unified national policy for climate change action in new Zealand, coupled with the interesting lessons to be learned from the European Union Emissions Trading System (EU ETS) has prompted Holcim New Zealand to scrutinise our own approach to this difficult and complex area of public policy. Since mid 2006, we have delivered on our commitment to the New Zealand government to identify, in detail, emissions trading design elements that would be appropriate for New Zealand’s energy intensive sector – using the wide international experience already gathered by the Holcim Group in the EU ETS and elsewhere. |
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NEW: Submission to Ministry for the Environment on the draft Climate Change Regulations 2008 This submission was made on 15 December 2008 in response to the publication of draft regulations arising from the Climate Change Response Act 2002and its major amendment in the Climate Change Response (Emissions Trading) Amendment Act 2008.The 2008 Act established a New Zealand Emissions Trading Scheme (NZ ETS), and the draft regulations seek to define various requirements for participants in the NZ ETS to properly estimate the emissions intensity of their business activities. The draft regulations cover only the activities of the Stationary Energy and Industrial Processes sectors of the New Zealand economy. |
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A Comparison of The EU ETS and the proposed NZ ETS At the conclusion of its hearing of the Holcim New Zealand submission on the Climate Change Bill in Christchurch on 7 April 2008, the Finance and Expenditure Select Committee noted that Holcim had, almost uniquely, attempted to provide it with a hard comparison of certain features of the design of the proposed NZ ETS and the design of the EU ETS albeit, related specifically to the cement industry. The Committee then asked if Holcim was in a position to provide it with a further and broader comparison of the design of the EU ETS and the proposed NZ ETS that might more generally inform its deliberations. This Digest has been compiled as a response to that request. This is the fourth in a semi-regular series of Holcim Climate Change Policy Digests published by Holcim New Zealand. |
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Submission To Finance And Expenditure Select Committee On Climate Change Bill (Digest No. 3) |
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A consideration of the proposed design of the New Zealand Emissions Trading Scheme This document is the third in our series of Climate Change Policy Digests and summarises our views on the Climate Change (Emissions Trading and Reusable Pre) Bill that was introduced to parliament in December 2007. |
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