Media release from Acting Climate Change Minister Julie Anne Genter
Acting Climate Change Minister Julie Anne Genter today announced the first of two planned tranches of improvements to the New Zealand Emissions Trading Scheme (NZ ETS) following recent public consultation.
These improvements, together with the second tranche of decisions, are expected to be introduced to Parliament next year as amendments to the Climate Change Response Act 2002, which is the legislation that established the ETS.
Acting Minister Julie Anne Genter says the ETS has a vital role to play in the transition to a low-emissions and climate-resilient Aotearoa New Zealand.
“These improvements will create a more effective ETS so it can help us meet our goals to reduce greenhouse gas emissions and plant one billion trees.”