The Government has announced it is to introduce changes to industrial allocation policy in the New Zealand Emissions Trading Scheme (NZ ETS).
Industrial allocation changes will be progressed through a Bill that would amend the Climate Change Response Act (CCRA). This is scheduled to be introduced at the end of 2022.
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From 8 July to 17 September 2021, the Ministry for the Environment (the Ministry) consulted on a range of options to improve industrial allocation (IA) policy in the New Zealand Emissions Trading Scheme (NZ ETS).
Thank you to all who made a submission.
Read the summary of submissions [PDF, 528 KB]
View submitted responses where consent has been given to publish the response.
Industrial allocation is the provision of free emissions units (NZUs) to industries considered emissions-intensive and trade-exposed (EITE). Its purpose is to reduce the risk of emissions pricing driving EITE firms, and their production and associated emissions overseas.
Webinars held during the consultation
Designing a governance framework for the NZ ETS
Reforming industrial allocation in the New Zealand Emission Trading Scheme
Transcript of Reforming industrial allocation in the NZ ETS webinar [PDF 1.5 KB]
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