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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.

Forestry Minister Shane Jones and Minister for Climate Change James Shaw have today opened consultation on improvements to the Emissions Trading Scheme (ETS); New Zealand’s main tool for reducing greenhouse gas emissions.

Forestry Minister Shane Jones and Climate Change Minister James Shaw have released a consultation paper proposing 12 improvements to forestry regulations in the New Zealand Emissions Trading Scheme (NZETS).