Govt adjusts ETS settings, reduces number of NZUs

Simon Watts. (Image: NZME)

Tue, 20 Aug 2024

Climate Change Minister Simon Watts announced on Tuesday that the Government has updated emission trade scheme (ETS) settings to "ensure New Zealand has a more credible market".In a statement, Watts said the coalition Government has "been clear" that it wanted a credible ETS-led approach to reduce emissions."We were willing to make tough decisions to achieve this," Watts said. “To ensure the market operates as intended, we need settings to align with New Zealand’s climate targets and give participants c...

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