Future refinements planned for NZ's ETS

Friday 10 Sep 2021

The New Zealand Government recently announced two consultations relating to market governance and industrial allocation in the New Zealand Emissions Trading Scheme (NZ ETS). They propose further refinements to the NZ ETS, to ensure a fair and efficient market. Designing a governance framework for the NZ ETS

The Government is seeking feedback on a range of options for designing a market governance framework for the NZ ETS market. The options address risks associated with three themes: governance of advice, governance of trading and governance of market conduct. To read the consultation document and for information on how to submit your views, visit the market governance consultation page.

Reforming industrial allocation in the NZ ETS

This consultation looks at options to reform industrial allocation policy to ensure it is aligned with New Zealand’s international and domestic emissions targets while continuing to mitigate the risk of emissions leakage. To read the consultation document and for information on how to submit your views, visit the industrial allocation consultation page.

Both consultations end on Friday 17 September 2021 at 5.00pm.

Note - ETS Workshop: Te Uru Rākau – New Zealand Forest Service will be running a short workshop between 9am and 12.00 noon that will be focusing on changes to the Forestry Emissions Trading Scheme and as well as providing an update on National Environmental Standards for Plantation Forestry. It’s timed to run the morning before the ForestTECH 2021 event, on Monday 22 November. It's open to all ForestTECH 2021 conference delegates who will be in Rotorua and industry about the central North Island. Full details can be found here.

Source: Ministry for the Environment

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