Consultation opens on proposed ETS settings and regulations

The Government has opened consultation on proposed updates to the New Zealand Emissions Trading Scheme (ETS) settings and regulations.

Consultation runs until 12 July 2026 and seeks feedback on New Zealand Unit (NZU) auction volumes and price settings for 2027 to 2031.

Regulation proposals include changes to default emissions factors for natural gas activities, geothermal activities and liquid fossil fuels; and how landfill organisations report their emissions under the ETS.

The proposals aim to make rules more workable, improve emissions counting accuracy, ensure ETS costs are fair and truly reflect emissions and encourage remediation of contaminated land.