This report records and provides details of the results of the 9 June 2026 auction of New Zealand Units. It provides assurance the auction was conducted properly and in accordance with the applicable rules and laws.
The auctioning of New Zealand Units is a component of the New Zealand Emissions Trading Scheme (NZ ETS). Its purpose is to align the supply of Units in the NZ ETS with New Zealand’s climate change targets. The first auction took place on 17 March 2021.
The Ministry for the Environment is acting in the role of an interim auction monitor. This role is performed independently of the Ministry's policy team who are responsible for developing the regulations for the auction monitor and auctioning.
This report records and provides details of the results of the 9 June 2026 auction of New Zealand Units. It provides assurance the auction was conducted properly and in accordance with the applicable rules and laws.
The auctioning of New Zealand Units is a component of the New Zealand Emissions Trading Scheme (NZ ETS). Its purpose is to align the supply of Units in the NZ ETS with New Zealand’s climate change targets. The first auction took place on 17 March 2021.
The Ministry for the Environment is acting in the role of an interim auction monitor. This role is performed independently of the Ministry's policy team who are responsible for developing the regulations for the auction monitor and auctioning.
Transfer of the Ministry for the Environment to the Ministry for Cities, Environment, Housing and Transport
The next Interim Auction Monitor function will be performed by the Ministry of Cities, Environment, Regions and Transport (MCERT) which will form on 1 July 2026.
MCERT will bring together the Ministry for the Environment, Ministry of Housing and Urban Development, Ministry of Transport, and the local government functions of the Department of Internal Affairs.
It will be ‘business as usual’ for our stakeholders when MCERT starts operating. The existing process and internal controls for monitoring auctions stay. These include protecting commercially sensitive information and maintaining segregation between the auction monitor and policy and other functions.
The next published Interim Auction Monitor Report will be published by MCERT.