The New Zealand Emissions Trading Scheme (NZ ETS) is the Government’s main tool for reducing greenhouse gas emissions.
The New Zealand Emissions Trading Scheme helps reduce emissions by doing three main things:
- requiring businesses to measure and report on their greenhouse gas emissions
- requiring businesses to surrender one ‘emissions unit’ (known as an NZU) to the Government for each one tonne of emissions they emit
- limiting the number of NZUs available to emitters (i.e. that are supplied into the scheme).
Watch the video for an explanation of the emissions trading scheme market.
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