Strengthening ETS Market Governance

News
Written By Ross Holden

The Government is strengthening the market governance of New Zealand’s Emissions Trading Scheme.

Key changes include:

  • Requiring trading platforms to report and record price and volume data to the Ministry for the Environment.

  • Requiring market participants to record trading information into the ETS Register.

  • Introducing market conduct obligations into the Climate Change Response Act, prohibiting price manipulation and misleading conduct.

  • Allowing monitoring agencies to obtain information from market participants and share relevant information with each other.

Changes will be likely introduced alongside other potential amendments to the Climate Change Response Act before the end of the year.

Ross Holden
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