Resources for the New Zealand Emissions Trading Scheme reforms

The Climate Change Response (Emission Trading Reform) Amendment Act (the Act) has now been passed into law. It makes a number of changes to the New Zealand Emissions Trading Scheme (NZ ETS).

On this page you will find links to Cabinet papers and minutes, webinars and regulatory impact statements on the reforms.

Cabinet papers 

Cabinet paper and minute: Regulatory decisions on the rules for auctioning in the New Zealand Emissions Trading Scheme

Cabinet paper and minute: New Zealand Emissions Trading Scheme: Settings regulations

Cabinet paper and minute: Climate Change Response (Emissions Trading Reform) Amendment Bill: Policy approvals

Regulatory impact statements

Impact statement. Rules for auctioning in the NZ ETS

NZ ETS unit supply and price control settings regulations regulatory impact assessment

Regulatory impact assessment - Extending access to the fixed-price option to emissions from the start of 2020 at $35

NZ ETS announcement webinar – 2 June 2020

Video recording and slide pack of the webinar highlighting the NZ ETS announcements on 2 June 2020.

Discussions in the webinar cover the progress of the: 

  • Climate Change Response (Emissions Trading Reform) Amendment Bill
  • supplementary Order Paper (including changes to agriculture and forestry)
  • VariousvNZ ETS settings and auctioning regulations. 

The Emissions Trading Scheme explainer series

The Emissions Trading Scheme -Explainer Series, has been developed for public and participants interested in knowing more about the recent New Zealand Emissions Trading Scheme reforms. The webinars cover two of four important topics of the recent reforms including; Unit supply and Industrial allocation.

Industrial allocation

In this webinar you will hear more about the role of industrial allocation in reducing the risk of emissions leakage by offsetting a portion of industry emissions costs. It also explains the phase-out of industrial allocation recently introduced by the emissions trading scheme reforms.

NZ ETS Unit supply webinar

In this webinar you will hear more about unit supply in the New Zealand Emissions Trading scheme. It discusses where units in the scheme come from, the provisional emissions budget, the steps taken to establish the volume of units to be auctioned, and changes to the fixed price option.