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The Climate Change Response Act 2002 is the legal framework that enables New Zealand to:
To meet its obligations under the Kyoto Protocol, the act empowers the Minister of Finance to manage New Zealand’s holdings of units that represent New Zealand’s target allocation for greenhouse gas (GHG) emissions Gases emitted to the atmosphere which contribute to the greenhouse gas effect, in which more than the normal amount of atmospheric heat is retained in the atmosphere. These emissions include water vapour, carbon dioxide, nitrous oxide, methane, ozone, halocarbons and other chlorine and bromine-containing substances. under the protocol. It enables the minister to trade those units on the international market.
It establishes a registry to record holdings and transfers of units.
The act also establishes a national inventory agency to record and report information relating to GHG emissions in accordance with international requirements. Thereby, the act underpins the New Zealand’s Emissions Trading Scheme.
The Climate Change Response (Zero Carbon) Amendment Act 2019 expanded the purpose of the Climate Change Response Act 2002 to:
The amendments resulted in four key actions:
The New Zealand Climate Leaders Coalition was launched in July 2018 to promote business leadership and collective action on the issue of climate change.
Over 110 New Zealand organisations have joined the coalition, including Air New Zealand, Westpac, the Warehouse Group, Port of Auckland, Auckland Airport, Counties Manukau District Health Board and Sky City Entertainment Group.
To mark its first anniversary, the coalition launched a second higher ambition pledge in July 2019. The revised pledge reflected the need to limit global warming to 1.5 degrees and aligned with the Government’s zero carbon ambitions Not releasing carbon dioxide into the atmosphere or removing the same amount of carbon dioxide from the atmosphere as produced - by an activity, building or organisation..
Auckland Council, Auckland Transport, Watercare and Panuku have been members of the Climate Leaders Coalition since September 2018 and have set measures to mitigate operational GHG emissions while also delivering on the coalition’s broader commitments.