NG-003··National-led government (ACT confidence & supply)·legislation
ETS one-for-two subsidy phased out
Win +1What 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 carbon pricing signal, but gradual and capped at $25/tonne, with agriculture still excluded.
Limitations: Score of 0 (neutral) could be appropriate given retention of $25 price cap.
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)
Categories
governancemitigation