This report is the 2024 edition of the Climate Change Commission's annual advice to the Minister of Climate Change on updating the NZ ETS unit limits and price control settings for the next five years (2025–2029).
"New evidence shows there are too many units in the NZ ETS for the Government to make best use of it to reduce emissions. This excess number of units presents a high risk that emissions budgets won't be achieved. To address this risk, the Commission advises the Government to reduce NZ ETS auction volumes as soon as possible, Dr Carr says. "
A Government decision to move ahead with a regulated product stewardship scheme for synthetic refrigerants marks a major step in tackling some of New Zealand’s most potent greenhouse gases.
Kawerau, 20 March 2026 – A high-tech plasma torch was lit up today as Minister of Conservation, Hon Tama Potaka, officially opened the $10 million National Refrigerant Destruction Facility.
