The current design of the New Zealand Emissions Trading Scheme (ETS) will not drive urgent and deep gross emissions reductions in line with limiting global warming to within a 1.5°C increase. Reform is critical and urgent.
Government consultations on two key ETS reform opportunities closed 11 August 2023.
The “Review of the New Zealand Emissions Trading Scheme” considered whether (and if so, how) the ETS should prioritise gross emissions reductions whilst maintaining support for forestry removals.
“A redesigned NZ ETS Permanent Forest Category” considered what type of forests should be allowed to register in the ETS’s permanent forest category.
Together, the consultations present a crucial opportunity to accelerate gross emissions reductions and strengthen the incentives for indigenous forests.
Read the full submissions below.