This consultation is on annual updates to the New Zealand Emissions Trading Scheme (NZ ETS) unit settings for the period 2025–29.
NZ ETS limit and auction price control settings for units are set in regulations for five years in advance. These need to be reconsidered, and added to, every year.
This consultation seeks feedback from mandatory and opt-in participants in the NZ ETS, and anyone with an interest in the NZ ETS.
This consultation is on annual updates to the New Zealand Emissions Trading Scheme (NZ ETS) unit settings for the period 2025–29.
NZ ETS limit and auction price control settings for units are set in regulations for five years in advance. These need to be reconsidered, and added to, every year.
This consultation seeks feedback from mandatory and opt-in participants in the NZ ETS, and anyone with an interest in the NZ ETS.
Correction note:
This document was first published on 15 May 2024. An updated version was published on 27 May 2024 to correct an error in the overall assessment of options in table 11: Options comparison for trigger prices.
Clarifications are also made to make it clear that the calculation of the base auction volume in Step 7 is based on the options recommended by the Climate Change Commission.