NZ ETS unit limits and price control settings for 2026–2030

This report will be the 2025 edition of our annual advice to the Minister of Climate Change on updating the NZ ETS unit limits and price control settings, covering the years 2026–2030. The Commission produces this advice as required by section 5ZOA of the Climate Change Response Act 2002.

This advice will be delivered to the Minister no later than 18 April 2025. This timing will enable the Commission to consider the implications of the Government's second emissions reduction plan (released in December 2024) for the NZ ETS unit limits and price control settings.

For background, see the exchange of letters between the Minister of Climate Change and the Chair of the Commission about the delivery date for this advice:

• Minister's letter to the Commission 13 November 2024 [PDF – 77 KB]
• Chair's response to the Minister (4 December 2024) [PDF – 340 KB]