Reforming the New Zealand Emissions Trading Scheme: Proposed settings

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The New Zealand Emissions Trading Scheme (NZ ETS) is the Government’s main tool for reducing greenhouse gas emissions. The government plans to improve the current scheme by introducing a ‘cap’ on emissions covered by the scheme. The cap will reduce over time and help set Aotearoa New Zealand on a trajectory towards meeting our emissions reduction targets.

We sought feedback on the specific NZ ETS settings that are being proposed, including unit supply and price controls, that will be set through regulations in mid-2020.

The consultation closed on 28 February 2020 at 5pm.

Information on publishing and releasing submissions

Review the proposals

Consultation document

Reforming the New Zealand Emissions Trading Scheme: Proposed settings

Supporting information

Slideshow [PDF, 695 KB] — this takes you through the proposals in the consultation document. For detailed information see the consultation document above.

Report: Marginal abatement cost curves analysis for New Zealand: Potential greenhouse gas mitigation options and their costs

Consultation meetings

We held meetings to gain feedback on the specific NZ ETS settings that are being proposed. View the Online webinar [Zoom website]

Meetings we held

DateDATE Location
Monday 3 FebruaryMonday 3 February Auckland
Tuesday 4 February Rotorua
Tuesday 11 February Wellington
Wednesday 12 February Christchurch
Thursday 13 February Online webinar [Zoom website]

 

Next steps

  • We will prepare a report that summarises the submissions and make recommendations to the Minister.
  • We will then seek agreement from Ministers for policy decisions on the proposals. 
  • Following Cabinet approval of the policy decisions, officials will begin drafting new regulations.