Excess units in NZ ETS pose a risk to meeting climate goals

The Minister of Climate Change has released He Pou a Rangi Climate Change Commission’s latest advice on the New Zealand Emissions Trading Scheme.

Under the Climate Change Response Act 2002, He Pou a Rangi Climate Change Commission provides independent evidence-based advice to the Government on the ETS unit and price control settings every year. The purpose of the advice is to help ensure the NZ ETS operates effectively and in line with Aotearoa New Zealand’s emissions reduction goals.

This latest report, covering 2025–2029, is the third time the Commission has delivered advice on NZ ETS unit limits and price control settings.