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A third set of fixes to the ETS has been made as the Government continues its work with industry to reach our climate change goals, Climate Change Minister James Shaw and Forestry Minister Shane Jones said.

​​​​​​​The Wellbeing Budget provides opportunities to grow and modernise New Zealand’s economy while ensuring a just transition to a low emissions future. We need to preserve and enhance our environment, as part of the foundation for our long-term wellbeing.

Changes to the Emissions Trading Scheme (ETS) will see 89 million more trees planted in the coming years and an extra 45 million tonnes of carbon dioxide stored in New Zealand’s forests.