Updated estimates of the over allocation of emission units to New Zealand Steel Limited to 2021.
There is an updated report on the Environmental Protection Authority's website. It is titled ETS Participant Emissions for the calendar year 2021.
This is the document that discloses the actual reported emissions of greenhouse gases of all particpants in the New Zealand emissions trading scheme.
This provides the actual emissions for 2021 of New Zealand Steel Limited.
Previously I charted the annual surplus and the accumulated surplus or 'stockpile' of emissions units held by New Zealand Steel up to 2020. I have now updated my charts to include calendar year 2021.
All my data analysis scripts and data are in this Github repository NZ Steel emission units.
As in 2020, New Zealand Steel's emissions are split between three categories;
- Importing coal 989,459 tonnes page 17
- Producing iron or steel 43,466 tonnes page 21
- Stationary energy purchasing coal 856,363 tonnes page 33
43466 + 989459 + 856363 = 1889288 tonnes or 1,889,288 tonnes of emissions.
Here is my updated chart.
The estimated accumulated stockpile of emission units is now 5 million units! (actually 4,998,943 units).
At today's spot price of $73.00 the 5 million odd emission units are worth $364,922,839.