Minister's media release:
Climate Change Minister Paula Bennett is today announcing a package of changes that the Government will make to the Emissions Trading Scheme (ETS) to ensure it puts New Zealand in the best possible position to achieve its ambitious 2030 emissions reduction target.
“In 2015 the Government initiated a review of the ETS to ensure it was fit for purpose going into the 2020s,” says Mrs Bennett.
“Last year, as a result of stage one of the review, we announced the phase out of the one-for-two measure in the ETS. I am now announcing further changes as a result of stage two of the review.”
The proposals announced today will provide businesses with the clarity they need about the direction of the ETS.