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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
Agriculture and/or forestry fuel use
Forestry
Maritime
Mining and extractives
Waste
Domestic Aviation
Transport
Buildings
Industry
Power
Allocation
Free allocation (Benchmarking); Auctioning; Allowances granted for forestry and other removal activities
Offsets and credits
Offset credits are not allowed
Cap
19.1 MtCO2e (2025)
GHGs covered
CO2, CH4, N2O, SF6, HFCs, PFCs
Average auction price (2024)
NZD 64 (USD 38.75)
Average secondary market price (2024)
NZD 59.31 (USD 35.91)
Total revenue since beginning
NZD 5.6 billion (USD 3.7 billion)
Total revenue (2024)
NZD 480.9 million (USD 291.2 million)

General Information

Emissions & Targets

Size & Phases

Allowance Allocation & Revenue

Flexibility & Linking

Compliance

Market Regulation

Other Information