The New Zealand Emissions Trading Scheme is the government’s main tool for reducing greenhouse gas emissions. The Government plans to introduce auctioning of New Zealand units to market participants as part of the scheme. The move would help Aotearoa New Zealand reach its domestic and international climate change targets.
The consultation did not include information or proposals regarding the volume of NZUs available for auction or the settings for NZ ETS price controls. Questions about these topics will be part of a subsequent consultation.
The consultation closed on 19 December 2019.
What is happening
The Climate Change Response (Emission Trading Reform) Amendment Act was passed into law on the 22 June 2020. It makes a number of changes to the New Zealand Emissions Trading Scheme.
What you told us
Summary of submissions
Review the proposals
The proposals in this consultation are to help drive emissions reductions. Read more about Proposed improvements to the NZ ETS.