In mid-April, the Climate Change Commission provided to the Minister of Climate Change its latest yearly advice on NZ ETS unit limits and price control settings. This advice informs the Government’s annual decisions on updating NZ ETS settings regulations for the next five years, covering the period 2026–2030.
The Government will consider the Commission’s advice and run a public consultation, before making decisions on the NZ ETS settings in time for the regulations to be updated by 30 September 2025. Updated settings regulations will come into force on 1 January 2026.
The Commission’s role is to recommend settings that will help the NZ ETS to operate in line with the 2050 emissions-reduction target, emissions budgets, and nationally determined contributions (NDCs).
The Commission expects to provide its next advice on this topic, for the period 2027–2031, in early 2026.
To learn more, see the Commission’s press release, read the full report and technical annexes available on the Commission’s website, and watch a recorded webinar about the advice.
Hon.Penny Simmonds, Minister for Vocational Education and the Environment, has announced eight ISBs with Refrigeration, Heating, Ventilation and Airconditioning coming under Construction and Specialist Trades.
As the climate conversation grows louder in boardrooms and communities, one of the most powerful levers for climate action remains largely behind the scenes: refrigeration.
