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Preliminary Evidence on Responses to the New Zealand Forestry Emissions Trading Scheme

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  • Karpas, Eric
  • Kerr, Suzi

Abstract

New Zealand is the first country to implement a Greenhouse Gas Emissions Trading Scheme (ETS) that includes a forestry component as part of its contribution to global climate mitigation and as a strategy for compliance with the international climate change agreement the Kyoto Protocol. The goal of this paper is to provide information on forestry’s role in the New Zealand ETS such that a foreign policymaker will be able to understand the intricacies and issues of the New Zealand system and be able to apply this knowledge to the design of his or her own ETS. This paper also aims to provide useful documentation of the system as it stands in 2010 for the New Zealand Parliament to use in future reviews of the system. The paper first provides a brief outline of the role of forestry in New Zealand’s ETS, including the reasons for its inclusion in the greater system and the rules by which forestry operates within the system. This paper then analyses these rules, indicating the reasons behind the inclusion of certain provisions where the reasoning may not be immediately clear. Finally, this paper provides both quantitative and qualitative data on how well the system is working so far, whether the system is operating as predicted, and why any discrepancies between predicted and actual outcomes arise.

Suggested Citation

  • Karpas, Eric & Kerr, Suzi, 2011. "Preliminary Evidence on Responses to the New Zealand Forestry Emissions Trading Scheme," Motu Working Papers 291432, Motu Economic and Public Policy Research.
    • Handle: RePEc:ags:motuwp:291432
    DOI: 10.22004/ag.econ.291432
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    Cited by:

    1. is not listed on IDEAS
    2. Coleman, Andrew, 2018. "Forest-based carbon sequestration, and the role of forward, futures, and carbon-lending markets: A comparative institutions approach," Journal of Forest Economics, Elsevier, vol. 33(C), pages 95-104.
    3. Matthew Ranson & Robert N. Stavins, 2025. "Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems," World Scientific Book Chapters, in: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023), chapter 20, pages 515-554, World Scientific Publishing Co. Pte. Ltd..
    4. Hale, Todd & Kahui, Viktoria & Farhat, Daniel, 2015. "A modified production possibility frontier for efficient forestry management under the New Zealand Emissions Trading Scheme," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(01), January.
    5. Jessika Richter & Luis Mundaca, 2015. "Achieving and maintaining institutional feasibility in emissions trading: the case of New Zealand," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(8), pages 1487-1509, December.
    6. Andrew Coleman, 2011. "Financial Contracts and the Management of Carbon Emissions in Small Scale Plantation Forests," Motu Working Papers 11_04, Motu Economic and Public Policy Research.
    7. Sandra Cortés Acosta & Arthur Grimes & Catherine Leining, 2020. "Decision trees: Forestry in the New Zealand Emissions Trading Scheme post-2020," Motu Working Papers 20_11, Motu Economic and Public Policy Research.

    More about this item

    Keywords

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    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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