New Zealand

The inherent instability in climate change policy is demonstrated by the suspension of New Zealand's already enacted cap and trade scheme by a newly-elected government. The enacted scheme required participants to hold one NZU (equal to an AAU) or a Kyoto unit (see note 2) to cover each metric tonne of CO2e emitted within the compliance period. Integration with global carbon markets means that emission prices in New Zealand would align with international prices, ensuring that the level of price exposure in the New Zealand economy is not too far ahead of, or too far behind, prices determined by international efforts to reduce greenhouse gas emissions. Support for the CDM gives New Zealand businesses access to least-cost ways to reduce emissions. Forestry had been included in the scheme from 2008, covering both deforestation and afforestation (Ministry for the Environment, 2008). The new government intends to revise the scheme or switch away from a cap and trade to a carbon tax regime, announcing its decision in late-2009 (Point Carbon News, 2008).

The Basic Survival Guide

The Basic Survival Guide

Disasters: Why No ones Really 100 Safe. This is common knowledgethat disaster is everywhere. Its in the streets, its inside your campuses, and it can even be found inside your home. The question is not whether we are safe because no one is really THAT secure anymore but whether we can do something to lessen the odds of ever becoming a victim.

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