ETS one-for-two subsidy phased out
Win +3What happened
Climate Change Response (Removal of Transitional Measure) Amendment Act 2016 phased out the ETS 'one-for-two' measure over three years (67% obligation from 2017, 100% from 2019). The $25 fixed-price option (price cap) was retained.
Why it matters
First ETS tightening in years - increased surrender obligations for covered sectors.
Impact assessment
Material strengthening of covered-sector surrender obligations, but gradual phase-out, $25 price cap retained, and agriculture still excluded - small net win.
Limitations: Score could be argued toward 0 given the retained $25 price cap; kept as +1 for the real increase in surrender obligations.
Attribution
sole (high confidence) -National
Budget 2016 legislation; Climate Change Minister Paula Bennett.
Coalition period: National-led government (ACT confidence & supply) (20 September 2014 - 26 October 2017)