The Government appointed a panel to review the ETS, as required under the Climate Change Response Act 2002. This is the panel’s final report and sets out its key conclusions and recommendations. These are consistent with its terms of reference and the matters under the Act that the panel has to consider. The Panel consulted widely with stakeholders during its review.
The panel was asked to consider in particular how the ETS should evolve beyond 2012. Specifically, the panel was asked to advise on whether the current transition phase (that is, the one‐for‐two obligation and price cap) should continue, and whether new sectors should enter the ETS as currently scheduled.
See also Terms of reference.