Date/Time
Date(s) - Wed 11 June
10:00 - 11:00
Have your say on updates to auction settings and regulations for the NZ ETS
The Government is seeking feedback on its annual review of auction settings and other regulations for the New Zealand Emissions Trading Scheme (NZ ETS). They are seeking feedback from people who participate in the NZ ETS and anyone with an interest in the NZ ETS.
Our key tool to reduce emissions
The NZ ETS is New Zealand’s key tool to reduce our emissions and meet our climate change targets. The NZ ETS helps to achieve this by putting a price on greenhouse gas emissions. People carrying out certain activities must provide a New Zealand Unit (NZU) to the Government for every tonne of climate pollution they emit. This is known as a surrender obligation.
The Government holds quarterly auctions of NZUs that NZ ETS participants can purchase to meet their surrender obligations. This consultation relates to the unit limits and price control settings for the Government’s quarterly auctions.
Annual updates to NZ ETS Settings
The Government updates NZ ETS unit limits and price control settings each year, for the following five years. This year’s consultation is on annual updates for the period 2026 – 2030.
Join this public webinar hosted by the Ministry for the Environment to learn about what the Government is proposing for the NZ Emissions Trade Scheme.
This 60 minute online event will provide an overview from Government officials on the annual review of the NZ ETS Settings to support climate change targets. This session will have interactive elements designed to support you to have your say, your feedback will be used to inform decisions on these annual processes which will be confirmed by 30 September.
The following is an overview of webinar:
ETS Settings
Unit Limit proposals
Price control settings proposals
Next steps