A crucial factor in the success of any water quality trading market is its ability to cost-effectively reallocate nutrient allowances from initial holders to those users who find them most valuable; the market's trading efficiency. We explore causes of and solutions to trading inefficiency by...

The New Zealand Emissions Trading Scheme (NZ ETS) was introduced through the Climate Change Response Act in September 2008 and remains in force. The forestry sector has been directly affected by the NZ ETS since 1 January 2008 and stationary energy, liquid fuels and industrial emissions have...

This paper describes preliminary work on establishing a pilot project for carbon sequestration. The project is intended to simulate the structure of the Permanent Forest Sinks Initiative, a program that may extend to the national level under the supervision of the Ministry of Agriculture and...

Several different New Zealand economic models produce measures of rural economic activity that have greenhouse gas implications. For climate change analysis, models need to translate economic activity into greenhouse gas emissions. This document estimates functions and creates projections for...

The greatest friction in trade and fishery between Japan and New Zealand was the Total Economic Relationship, which was insisted by the PM of NZ. NZ wanted to export dairy foods in exchange for admitting fishing. Both governments experienced a long and tough negotiation. Recently frictions have...

The 2003 reform of the European Union's Common Agricultural Policy (CAP) replaced the coupled direct support schemes by a Single Farm Payment (SFP), which will be mainly delivered to farmers irrespective of what they produce (hence 'decoupled' from production). The level of decoupling differs...

Selection logging in the tropics is increasingly moving to systems that reduce the impact of harvesting operations on forests and soils. While much of the focus has been on modifying the tractor logging system using RIL principles, alternative harvesting systems have also been introduced. One of...

This paper examines both economic and environmental impacts of the two new free trade agreements (FTAs) that Australia has recently negotiated with Japan and South Korea using the GTAP-E general equilibrium model. We analyse two trade policy scenarios: first a ‘Free trade scenario’ where...

The second paper in this three paper session models the impact of a number of foot and mouth disease (FMD) incursion scenarios on production and export revenues of dairy, meat and other products. The guiding principle was big picture, plausible and estimable Key to this was how processors might...