“emissions units means—

• “(a) units as defined in section 4(1) of the Climate Change Response Act 2002; and

• “(b) personal property that—

  • “(i) is created by, or in accordance with, any enactment (whether of New Zealand, another country, or any jurisdiction of any country), rule of law, contractual provision, or international treaty or protocol as—

    • “(A) one of a fixed number of units issued by reference to a specified amount of greenhouse gas; or

    • “(B) evidence of a specified amount of reductions, removals, avoidance, storage, sequestration, or any other form of mitigation of greenhouse gas emissions; and

  • “(ii) can be surrendered, retired, cancelled, or otherwise used to—

    • “(A) offset greenhouse gas emissions under, or otherwise comply with, any enactment (whether of New Zealand, another country, or any jurisdiction of any country), rule of law, contractual provision, or international treaty or protocol; or

    • “(B) enable a person who surrenders, retires, cancels, or otherwise uses it to claim an environmental benefit

“greenhouse gas has the meaning set out in section 31 of the Climate Change Response Act 2002”.