NZ ETS Review Announced

by | Mar 22, 2023

Following on from the failure of the first NZU auction last week, the government has announced a review of the NZ ETS and how it will help the government meet its Paris Agreement goals for 2030 and the NZ Target for 2050.

As the auction is a source of funding for the government’s Climate Emergency Response Fund, its failure has a direct effect on the government’s ability to finance projects, as well as diminishing the effect that the NZU pricing mechanism is designed to cause.

The government has received a considerable amount of criticism from last year’s refusal to adopt the CCC recommendations and now with the failure of this auction.

Details of the review can be found at: