Industry’s obligations: Reporting emissions and surrendering NZUs

Find out about obligations of industry's participants in the New Zealand Emissions Trading Scheme.

The Government is currently consulting on proposals for New Zealand Emissions Trading Scheme (NZ ETS) settings, including unit supply and price controls. These will be set through regulations in mid-2020. The intention is to align the NZ ETS with New Zealand’s emissions reduction targets. To review the proposal and submit feedback See Reforming the New Zealand Emissions Trading Scheme: Proposed settings.

Who is involved?

Carrying out certain activities and industrial processes in New Zealand may create an obligation to report emissions and surrender New Zealand Units (NZUs) under the New Zealand Emissions Trading Scheme (ETS).

Companies who have an obligation under the ETS are known as ‘participants’. Some sectors of industry have been required to be participants since 2010, with others joining in 2013.

If you believe you may be required to be a participant, we recommend you contact the Environmental Protection Authority which manages the administration of the ETS.

What are the obligations for participants?

All participants are required to report their emissions for each calendar year by 31 March of the following calendar year. Participants who are required to surrender NZUs for the emissions they report must do so by 31 May each year.

Participants are currently required to surrender only one NZU for every two tonnes of emissions, and can buy NZUs from the Government to meet their obligations at a fixed price of $25 per NZU if they wish.  

Information about the methods participants should use to record and report information about their emissions is set out in the Climate Change Response Act 2002 and associated Regulations.