NZU definition
Examples of NZU in a sentence
We also overlay the historic NZU price which has an influence on post-1989 land.
A further influence of the ETS is with a high NZU price; post-1989 Greenfields land is being acquired for carbon offsetting to enable conversion of high value pre-1990 forestry land to an alternative use.
As shown in Figure 2, the collapse of European Union Allowance (EUA) prices in 2011 and 2012 propagated through the indirect linkage and led to a similar decline in NZU prices.
For example, due to New Zealand’s decision to allow the unrestricted use of Kyoto credits, New Zealand Unit (NZU) prices have largely tracked CDM prices, which are in turn dependent on EU ETS prices.
Operators must pay the government for every New Zealand Unit (NZU) or carbon credit which represents one tonne of carbon dioxide.
Additionally, as a unit supply proxy, entitlement at the monthly level is positively correlated to NZU return (See Table 3).
In the daily analysis, we explore the relationships between NZU returns and electricity returns, between NZU returns and banked units and among NZU returns, domestic supply and net import.
Further, 𝑁𝑒𝑡𝐼𝑚𝑝𝑜𝑟𝑡(𝑃𝑛𝑧𝑢, 𝑃𝑖𝑚𝑝𝑜𝑟𝑡) is the emissions allowances supply from netimportation, namely Certified Emission Reductions (CERs), Removal Units (RMUs), Emission Reduction Units (ERUs) and Assigned Amount Units (AAUs), and is a function of NZU price(𝑃𝑛𝑧𝑢) and international unit price (𝑃𝑖𝑚𝑝𝑜𝑟𝑡).
Any changes to the NZU Membership Policy shall be approved by the Board.
The most common reasons given by those who disagreed were concerns over the impact on NZU prices, reduced ability for foresters to sell their NZUs and that the international market will continue to work effectively without the need for Government intervention.