Annual updates to the NZ ETS limits and price control settings for units 2023

Overview

The NZ ETS is a key tool in the government’s climate change response toolbox. It supports Aotearoa New Zealand to meet its emissions reduction goals by putting a price on greenhouse gas emissions.

Unit settings are updated annually to ensure the NZ ETS remains an effective tool to reduce greenhouse gas emissions.

This consultation is on annual updates to the New Zealand Emissions Trading Scheme (NZ ETS) unit settings for the period 2024–28.

This is the third year that these settings will be updated.

Read the full consultation document [PDF, 1 MB]

Correction note: This document was first published on 19 May 2023. An updated version was published on 24 May 2023 to correct minor errors in the calculation of some figures in table 13: Auction reserve price under each option and table 16: Cost containment reserve trigger price options. The relevant numbers have now been corrected and do not materially affect the options presented.

Webinar

• Watch the webinar held Wednesday 24 May.
• Read a summary of the questions and answers [PDF, 211 KB] from the webinars held 24 May and 29 May 2023.