A Guide to Joining the ETS: Steps and Requirements
New Zealand’s Emissions Trading Scheme (ETS) is a cornerstone of the country’s climate change response, incentivizing sustainable practices by putting a price on greenhouse gas emissions. Here is a step-by-step guide for landowners on how to join the ETS:
- Understand the ETS and Your Responsibilities
Implications: Before applying, assess the implications for your organization or yourself. Ensure you understand the responsibilities, like reporting carbon amounts, keeping forest management records, and potential liabilities if you leave the scheme.
- Ensure Your Land is Eligible
Eligibility Criteria: Confirm that your land qualifies as ‘post-1989 forest land’ based on specific requirements such as species, size, crown cover, and planting history. - Decide on the Forest Type
Standard or Permanent Forestry: Choose whether to register your land as standard or permanent forestry. Standard forestry involves averaging accounting for NZUs, while permanent forestry involves stock change accounting with selective harvesting allowed. - Prepare Your Application
Representation: Consider appointing a representative to help with the application and understanding ETS rules.
Consent: If a forestry right or lease is registered on your land title, obtain written consent from relevant parties.
- Create a Shapefile (Digital Map)
Mapping Requirements: Prepare a digital map in a ‘shapefile’ format, detailing the carbon accounting areas of your post-1989 forest land. - Gather Supporting Information
Verification: Include information to verify your land meets the ETS eligibility criteria, such as species height, canopy cover, and size requirements. - Open a NZETR Holding Account
Account Setup: Prior to registration, open a holding account in the New Zealand Emissions Trading Register (NZETR) managed by the Environmental Protection Authority (EPA). - Submit Your Application
Online Registration: Apply via the Tupu-ake ETS online system. This will require a RealMe account, and you’ll need to upload your shapefile, application form, proof of consent, and supporting eligibility information.
Large Files: For files over 25MB, use the secure file upload system provided by MPI.
Joining the NZ ETS is a strategic decision for landowners, aligning with New Zealand’s climate change goals. Understanding each step and requirement ensures a smooth registration process, positioning your forestry venture for long-term sustainability and compliance with national climate objectives.