The Emissions Trading Scheme: What effect on Maori Fisheries'

1
The Emissions Trading Scheme What effect on
Maori Fisheries.

• Hayley Campbell, Solicitor
• Oceanlaw New Zealand

2
Outline

• Implications for the Fishing Industry
• Implications for Maori
• Options

3
The Emissions Trading Scheme

• 4 December 2007 (Bill and Regulations)
• Compulsory
• Point of Obligation
• Passing the Costs on
• Free NZUs

4
Iwi and the Seafood Industry

• 300,000 tonnes of quota
• ? 35 of the TACC
• Settlement Quota

5
Emissions Trading and the Seafood Industry

• Energy intensive
• ? 30 of TOR is fuel cost
• Electricity costs
• Estimates
• Trade exposed industry

6
IMPACTS

• Increased costs cannot be passed on
• Lower prices for ACE and Quota
• Decreasing the value of settlement quota
• Effectively Re-negotiation by the Crown?

7
Where to from here?

• Submissions
• Regulations
• Increase fuel efficiency
• Alternative systems (biofuels, solar power)