NC-020··National-led coalition (with ACT & NZ First)·regulation
ETS auction volumes tightened (2025-2029)
Win +5What happened
2024 NZ ETS settings decision reduced auction volumes from ~45m to ~21m units over 2025-2029 to address market surplus and align with emissions budgets (following CCC advice).
Why it matters
Strengthens ETS supply cap - rare climate-positive market intervention in this term.
Impact assessment
Halved planned auction volumes over 2025-2029 to address surplus and align with emissions budgets - meaningful strengthening of the ETS supply cap.
Attribution
primary (high confidence) -National
Climate Minister settings decision per MfE/second ERP documentation.
Coalition period: National-led coalition (with ACT & NZ First) (27 November 2023 - present)
Categories
governancemitigation