Climate Change Commission releases advice on updating NZ ETS unit limits and price control settings

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. "