EBEX21®News

   
Nov 2011 Field Measurement Approach
The new Field Measurement Approach (FMA) is in force as of 1 September 2011. The FMA is a tool to determine the change in carbon stocks in a forest by creating participant-specific look-up tables.
The key features of the FMA are:
  • The FMA is mandatory for all landowners with 100 hectares or more of forest sink area in either the ETS, or PFSI. Landowners with less than 100 hectares of forest in the ETS or PFSI will continue to use the published default look-up tables.
  • FMA participants will be allocated permanent sample plot locations by MAF. FMA participants will then collect data at the permanent sample plot locations in their forests, and submit it to MAF.
  • These data will be used to calculate participant-specific look-up tables which must be used to for the final emissions return of the 2008 – 2012 Mandatory Emissions Return period. Default look-up tables must be used for emissions returns by all ETS or PFSI landowners prior to this.
For more information on the FMA and the full guide see the MAF website: http://www.maf.govt.nz/forestry/forestry-in-the-ets/post-1989-forest-land-voluntary-participation/field-measurement-approach
July 2011 Carbon Insurance
Commercial carbon insurance is now available in New Zealand. This includes carbon in regenerating indigenous forests and forests set aside as permanent carbon sinks.
There are currently two firms in New Zealand offering carbon insurance:
Insurance facilitators NZ provide standard cover which includes fire and has potential extensions to include windthrow. For more information visit www.ifnz.co.nz or give Darryl Hawke a call at Insurance Facilitators (09 951 8002).
New Zealand Carbon Insurance is an insurance broking company providing clients with specialist advice & services around arranging insurance solutions for their forest & carbon credit activity. For more information visit http://www.nzcarboninsurance.co.nz/home or contact Geoff (09 950 4902).
Apr 2011 EBEX® sells Kyoto Compliant Credits
We have been working closely with a group of property owners and the Ministry of Agriculture and Forestry (MAF) over the last year. Most of these properties have now completed the Permanent Forest Sink Initiative (PFSI) application process and have PFSI covenants registered on their land. From these properties we have already traded over 6000 Kyoto compliant credits (AAUs). We have also completed a number of Preliminary Assessments which are designed to inform landowners about the potential size of their carbon asset without committing landowners to participation.
Apr 2011 International Year of Forests
2011 is the United Nations International Year of Forests. For more information and activities in your area please visit the websites below:
Dec 2009 EBEX® starts to trade compliance credits
We have four landowners going through our new process. At present their Permanent Forest Sink Initiative (PFSI) applications are with Ministry of Agriculture and Forestry (MAF). We anticipate sale of credits by the end of March 2010. This will be a total of 1700 ha or 5100 credits (using the MAF default sequestration rate for indigenous forests of 3 tonnes CO2e per hectare per year).

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