Public Submission on Updates to the New Zealand Emissions Trading Scheme
Dr Elena Aydos and Dr Sven Rudolph, Scientific Advisor on Climate and Energy Policy at Institut fuer Kirche und Gesellschaft (IKG), co-authored a submission to New Zealand’s Ministry for the Environment - Manatū mō te Taiao, in response to a public consultation on proposed updates to the New Zealand Emissions Trading Scheme limits and price control settings for units for the period between 2024-2028. The submission recommended updates to auction volumes and the disablement of the cost containment reserve in order to strengthen the environmental and economic sustainability of the NZ ETS. The submission also argued that the earmarking of auction revenues to mitigate detrimental social effects caused by the ETS, such as compensating low-income households and disadvantaged communities for the possible regressivity of higher energy prices, can increase the social justice and climate justice of the scheme. Learn more.
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.