Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Proposed ETC improvements attract support

Hon James Shaw

Minister for Climate Change

18 April 2018 PĀNUI PĀPĀHO


Proposed Emissions Trading Scheme improvements attract support

Submissions on improvements to the New Zealand Emissions Trading Scheme (ETS) show that there is broad support to make improvements to the scheme, says the Minister for Climate Change.

The Ministry for the Environment has today released a summary of submissions made during last year’s consultation on improvements to the ETS. The report is availablehere.

“I would like to thank everyone who took the time to make submissions on the proposals,” James Shaw said.

“Just over 250 submitters contributed their views from a variety of sectors. We heard a consistent message that providing more certainty is important to scheme participants which is why we are putting in place more predictable processes to manage the supply of units over time.”

Submitters’ views have informed all of the proposals to improve the ETS. The first tranche of ETS decisions was announced in December last year. The most significant of these was the establishment of a framework to enable New Zealand’s emissions under the ETS to be capped in future.

Further decisions to be announced over the next few months (tranche two) will be combined with tranche one to form a single bill amending the Climate Change Response Act. This bill is expected to be introduced to the House in 2019 and given effect in 2020. Recent announcement of the introduction of averaging accounting for new forests form part of tranche two.

Alongside these legislative changes, the Government intends to consult on regulations in 2019 which will provide the volume and price settings for the ETS over the next five years.

This report does not include a summary of submissions on proposals to improve the ETS for forestry. The Ministry for Primary Industries will release a separate report summarising submissions on these proposals later this year.

Alongside the release of the summary of submissions, the Ministry for the Environment is proactively releasing Cabinet papers and related material on the consultation andDecember 2018 decisions.

The summary of submissions on improvements to the NZ ETS is here

Original submissions on improvements to the NZ ETS may be found here

The Ministry for the Environment Cabinet papers may be found here

Further information on the introduction of averaging accounting may be found here


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The RWC, And The Op Burnham Inquiry

Testimony was given that damning evidence had been culpably ignored, lost or (deliberately?) mislaid. The systems for handling secret material from our allies were – to be charitable – only loosely observed.

Moreover… vital evidence was only belatedly made available to the inquiry, and former NZDF officers later found to be central to the events under scrutiny were strangely missing from the original witness list offered by NZDF. In short, last week’s cross-examination of the military’s former top brass demonstrated in detail that the NZDF had consistently misled its Ministers (and the wider public) for years, over the impact of our military activities in Afghanistan. More>>


Call For Action On Expert Panel Report: Welfare System Needs Urgent Change

If we want New Zealand to be the best place in the world to be a child, the Government needs to increase benefits, remove sanctions, individualise benefits, and fix abatement rates now, says Child Poverty Action Group and ActionStation . More>>


First Data Releases: Mixed External Report On Census Fail Mitigation

The panel endorses the statistical approaches used to mitigate non-response... However, the unprecedented use of alternative government datasets to augment census data raises questions around ethics, social licence, cultural licence, and Māori data sovereignty. More>>


Aitches: Manawatū-Whanganui Region Spelling Corrected

The Manawatu-Wanganui Region will in future be correctly spelt Manawatū-Whanganui Region. The change also means the regional council will be known as the Manawatū-Whanganui Regional Council. Horizons Regional Council is the trading name for the council. More>>

PM In Japan: Jacinda Ardern’s Remarks Following Abe Summit

Today we discussed a wide range of topics. Broadly the themes were: a deeper, high-value trade and investment relationship, greater cooperation in the Pacific; and strengthening our security partnership. More>>


Replacing All But Chair: Twyford Appoints Five NZTA Board Members

Transport Minister Phil Twyford today announced the appointment of five new members to the NZ Transport Agency Board... There remain two vacancies on the NZTA Board which will be filled in due course. More>>


Climate Change: Adaptation And Risk Assessment Framework Released

“We are already experiencing the effects of a changing climate such as coastal inundation and increasingly frequent and severe droughts, floods, fires and storms. This framework is an acknowledgement that we must start adapting”, James Shaw said today. More>>


Ihumātao: Mana Whenua Reach Decision On Land

Māori King Tūheitia says mana whenua have finally reached consensus over what to do with Ihumātao - they want it back. More>>


PM To Japan, New York: Ardern To Meet Trump During UN Trip

“I’m looking forward to discussing a wide range of international and regional issues with President Trump, including our cooperation in the Pacific and the trade relationship between our countries." More>>




InfoPages News Channels