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The Government has announced decisions on the ETS. More details are available at www.climatechange.govt.nz/emissions-trading-scheme/ets-amendments/
The New Zealand Emissions Trading Scheme (ETS) is a way of meeting our international obligations around climate change. The ETS puts a price on greenhouse gases to provide an incentive to reduce emissions.
MPI administers the ETS for the forestry sector, in conjunction with the Ministry for the Environment and the Environmental Protection Authority (EPA). The EPA administers the ETS for other sectors (including agriculture), and the New Zealand Emissions Unit Register for all sectors.
Forestry entered the scheme in 2008 and mandatory reporting for agriculture began in 2012.
MPI also represents New Zealand in international negotiations on climate change that relate to agriculture and forestry, to advance New Zealand's interests and support it to meet its international commitments.