New Zealand Emissions Trading Scheme (NZ ETS) auction settings have been updated for the years 2023–2028. This includes a reconsideration of settings decisions made last year, following settlement of a recent judicial review.
Starting from the December 2023 auction, the number of emissions units available at auction will be reduced. This reduction will support Aotearoa New Zealand’s ability to achieve its emissions budgets and international climate change commitments.
The auction floor and cost-containment reserve trigger prices will rise significantly to create a wider price corridor.
In 2024, the total CCR volume will decrease from 8 million NZUs under the current settings to 7.7 million NZUs, and will continue decreasing in the following years. Find out more below.
Read more on the Ministry for the Environment website here.
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.
1 January 2026 marks a major step forward for vocational education in New Zealand, with ten regionally governed polytechnics and eight new Industry Skills Boards officially beginning operation, Vocational Education Minister Penny Simmonds says.
