Emissions Trading Scheme improvements

Between 2015 and 2019, the Government conducted a Review of the Emissions Trading Scheme (ETS) and then consulted with New Zealanders on potential changes and improvements to the scheme. A wide range of changes are being introduced, which will apply from 2021. Find out about what's changing.

Updates

10 December 2019 – Consultation extended

Te Uru Rākau extended the deadline for submissions until 5pm on Wednesday 15 January 2020.

Consultation announcement for the proposed changes

10 November 2019

The ETS Forestry Regulations consultation was opened for submissions. 


24 October 2019

Climate Change Response (Emissions Trading Reform) Amendment Bill 2019 introduced

The Climate Change Response Amendment Bill was introduced to Parliament for its first reading. The Bill covers the policy decisions on the ETS forestry improvements that have been announced over the last 9 months – for example, the introduction of averaging accounting. The Bill also includes the decisions on agriculture in the ETS.

You can make submissions on these major changes through the Environment Select Committee.

We were also consulting on the ETS Forestry Regulations, which cover the operational detail of the changes. For example, how averaging accounting will work.

If you have any questions, email etsforestrychanges@mpi.govt.nz

Note that any submissions on the policies should go to the Environment Select Committee when it is receiving submissions.

Climate Change Response (Emissions Trading Reform) Amendment Bill – New Zealand Parliament

ETS changes – Ministry for the Environment

ETS agricultural emissions – Ministry for the Environment


Other ETS improvements

The Government has also announced other improvements to the overall ETS.

Information on these changes is available on the Ministry for the Environment (MfE) website.

Proposed improvements to the ETS

MfE consultation on technical rules for auctioning in the ETS

Introducing an emissions cap will not affect the availability of New Zealand Units for forestry participants with forests registered in the ETS.

Find out more

Make a submission to the Emissions Trading Scheme Forestry Regulations

Learn more about the Emissions Trading Scheme

Read Cabinet papers related to the decision

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