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Official name of scheme

New Zealand Emissions Trading Scheme

ETS Status
in force
Jurisdictions
New Zealand
Start of operation (year)
2008
Sectoral coverage
Forestry
Waste
Domestic Aviation
Transport
Buildings
Industry
Power
Allocation
Free allocation (Benchmarking); Auctioning; Allowances granted for forestry and other removal activities
Offsets and credits
None
Cap
34.5 MtCO2e (2022)
GHGs covered
CO2, CH4, N2O, SF6, HFCs, and PFCs
Average auction price (2021)
NZD 50.95 (USD 36.04)
Average secondary market price (2021)
NZD 49.41 (USD 34.95)
Total revenue since beginning
3.02 billion (USD 2.14 billion)
Total revenue (2021)
2.38 billion (USD 1.6 billion)

General Information

Emissions & Targets

Size & Phases

Allowance Allocation & Revenue

Flexibility & Linking

Compliance

Market Regulation

Other Information