The Government has begun its review of the New Zealand Emissions
Trading Scheme (ETS).
A
discussion document has been released and submissions are due
on the future of the transition measures by 19 February
2016.
The submission deadline for the remaining ETS design features is
30 April 2016.
Preparing for a more carbon-constrained future?
A key objective of the review is to prepare the New Zealand
economy in the context of a strengthening international response to
climate change and potentially higher carbon prices in the
2020s.
The international community is meeting in Paris from 30 November
to 11 December with an ambitious goal of a new universal post-2020
agreement that will keep global warming below 2°C.
