Climate Change Response (Emissions Trading) Amendment Act 2008 Bill establishing the NZ ETS were separated into the Climate Change Response (Emissions Trading) Amendment bill. On 10 September 2008, the Climate Change Response (Emissions Trading) Amendment Act 2008 had its third reading in Parliament and was adopted 63 votes to 57 with support from the Green Party and New Zealand First. The Climate Change Response (Emissions Trading) Amendment Act 2008 received the royal assent on 25 September 2008. The proposed scheme was to cover all six greenhouse gases specified in the Kyoto Protocol, carbon dioxide (CO), methane (CH), nitrous oxide (NO), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulphur hexafluoride (SF). It
Carbon dioxide combustion of all carbon-based fuels, such as methane (natural gas), petroleum distillates (gasoline, diesel, kerosene, propane), coal, wood and generic organic matter produces carbon dioxide and, except in the case of pure carbon, water. As an example, the chemical reaction between methane and oxygen: It is produced by thermal decomposition of limestone, by heating (calcining) at about , in the manufacture of quicklime (calcium oxide, ), a compound that has many industrial uses: Iron is reduced from its oxides with coke in a blast furnace, producing pig iron and carbon dioxide: Carbon dioxide is a byproduct of the industrial production