The Government is reviewing the New Zealand Emissions Trading Scheme (NZ ETS) to make sure it’s fit for the job ahead.
The review will focus on the benefits, trade-offs and risks of changing the NZ ETS so it can incentivise gross emissions reductions, but continue to support removals.
It follows advice from He Pou a Rangi | Climate Change Commission. It recommended that the Government consider amending the NZ ETS to provide more robust support for gross emissions reductions and manage the amount of exotic forest planting driven by the scheme.
Read the full consultation document [PDF, 5MB]
Read the frequently asked questions [PDF, 253KB]
We also sought feedback on specific questions in the discussion document using the long consultation form.
This consultation closed on 11 August 2023.
Following consultation, the Government will carefully consider feedback provided through submissions.
Decisions following this consultation will be a matter for the next government. Feedback from submissions will put officials in a good position to advise the incoming government on next steps for the review of the NZ ETS.
Any changes to the NZ ETS consulted on in this document would be subject to further public consultation on the detailed design of proposals.
If you have any further questions, please email etsconsultation@mfe.govt.nz.
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