Submission: NZ ETS unit settings and annual regulatory updates 2026

ELI has submitted on the NZ ETS unit settings and annual regulatory updates 2026.

Our submission focuses on three areas that we consider most relevant to our purpose. These are the stockpile of units, legal ‘accordance’ test and the proposal to move to biennial ETS settings decisions.

ELI submits that the NZ ETS settings should be designed to ensure genuine emissions reductions, including by limiting new unit supply as much as practicable to help address the NZU stockpile. We also submit that decision-makers continue to consider New Zealand’s climate international obligations, and that annual ETS settings decisions should be retained to allow timely and responsive adjustments.